I don't post about the SPX but I do check it from time to time. Is this the market peak? It may be with this rounded top and the huge bearish engulfing candle we just printed on the daily chart. Personally I would not be opening new long positions with this chart.
Play it however you see fit
Good luck.
Play it however you see fit
Good luck.
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Well that's not looking good....
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It looks like the it's still raining.....
Trade active:
Still long BTC, SPXS, SLV, and physical cash and PMs.
Guys I have done a lot of Internet surfing in regards to the financial markets. I am picking up vibes of 2008 on steroids. Not vibes, panic. It is very possible the the fecal matter is going to hit the rotary device soon. Like this year soon. Do what you can to protect your wealth not matter what that wealth may be. The markets may soon crap themselves even more so than we've seen so far and the global financial system and trade wars will exacerbate the problems. Not to mention the trillion in debt and derivatives the can never be paid. I'm pushing the eject button to the best of my ability. Even so, I'm sure part of my net worth will be destroyed and left behind. I can only hope the preparations I have made in advance will more than compensate for my loses. Good luck!
Guys I have done a lot of Internet surfing in regards to the financial markets. I am picking up vibes of 2008 on steroids. Not vibes, panic. It is very possible the the fecal matter is going to hit the rotary device soon. Like this year soon. Do what you can to protect your wealth not matter what that wealth may be. The markets may soon crap themselves even more so than we've seen so far and the global financial system and trade wars will exacerbate the problems. Not to mention the trillion in debt and derivatives the can never be paid. I'm pushing the eject button to the best of my ability. Even so, I'm sure part of my net worth will be destroyed and left behind. I can only hope the preparations I have made in advance will more than compensate for my loses. Good luck!
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For got to mention, I'm still long Bitcoin as well hoping it may fill the gaps for whatever I may lose.
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It looks like a Gap / Fill. I suspect there will soon be further decline. I am out of stocks and won't be going back any time soon. Maybe years. The financial markets are in crisis again but you probably don't know based on the Fake News Propaganda outlets. The yield curves have inverted AGAIN, and the FED is talking about doing "whatever it takes" to prop up the markets. Oh yeah, that will end well I'm sure. /sarc I'm getting out of dollar denominated crap as quick as possible. What good does it do to make bank longing or shorting the stock markets only to have your assets frozen inside an insolvent system? But that's just my opinion. Black Swan anyone?
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Yes, I think I called another market top to the day a MONTH ago. :0) But I still can't get my work pushed to the top of tradingview. :0(
Oh well, once I find this no longer fun or worth my while I'll just quit posting into this black hole and just focus on my own strategies.
Good luck!
Oh well, once I find this no longer fun or worth my while I'll just quit posting into this black hole and just focus on my own strategies.
Good luck!