Dea Traders,
As we have seen last week, the S&P took a hit and big-time money was made by shorters. The question now is, is it time to short again?
Now as a trader, you need to look at the bigger picture. The S&P had a hell of a ride and never really retraced. Well, I think its about time. We are now located in a bearish channel, which can only be broken if the price breaks upwards from this channel. If it's price goes down today, we will remain in this channel, and that would mean that more and more shorter's will jump in.
It's a huge gamble tho. Gambling on the fact that it's time to have a good retracement, but hey, what if I am right? What if this is the start of a Crisis again? What if the S&P's price would have gone down by 40% within 3 months? wouldn't you be mad at your self that you didn't give it a shot? I live with no regret's and that's why my I went short when the second ATH failed to create itself. That was my sign to jump in, and I'm happy I did.
What are your thoughts?
As we have seen last week, the S&P took a hit and big-time money was made by shorters. The question now is, is it time to short again?
Now as a trader, you need to look at the bigger picture. The S&P had a hell of a ride and never really retraced. Well, I think its about time. We are now located in a bearish channel, which can only be broken if the price breaks upwards from this channel. If it's price goes down today, we will remain in this channel, and that would mean that more and more shorter's will jump in.
It's a huge gamble tho. Gambling on the fact that it's time to have a good retracement, but hey, what if I am right? What if this is the start of a Crisis again? What if the S&P's price would have gone down by 40% within 3 months? wouldn't you be mad at your self that you didn't give it a shot? I live with no regret's and that's why my I went short when the second ATH failed to create itself. That was my sign to jump in, and I'm happy I did.
What are your thoughts?
Trade active:
There we go. S&P is dropping more.
Comment:
Bears are in control. Next stop is the 200 ema at 2876$. It held last time it touched it, let's see how that works out this time.
Comment:
S&P is in a bearish Channel. Use the lines to help you to get in, or get out !
