These things cannot be timed exactly or predicted to the day. Nevertheless, you would do well to be aware of the economic environment in which we find ourselves and how fragile things are. I have sketched a possible scenario on the chart that seems quite probable to me right now. This is just to illustrate my current view of things. Of course I can be completely wrong. It's just an idea. Take care!
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Just to clarify. We might ve talking 24-Oct-2019 or something. So don't go short too early, for God's sake. Ride it as long as it lasts but do take care.
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I'm asked what signals to wait for. Well, every trader has his own preferences. In any case, you shouldn't go short too early, because the chart does not yet look as if it is about to collapse. But you never know in advance otherwise everyone would be rich on the stock market. So don't overestimate yourself and don't act "by gut feeling". In any case, you should wait patiently until at least the classic "death cross" appears on a 30-minute chart or even better on a 1-hour chart. Wait for the MA50 to cross below the MA220. The two moving averages also need to converge with the price action.
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The S&P 500 is walking a tightrope...
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Great speech at the United Nations General Assembly, Mr. President.
Looks more and more like a proper short.
So far confirmed on 1m, 3m, 5m, 15m, 30m and 45m. The confirmation on 1h is about to come in.
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Confirmed also at 1 hour. Of course. Just look at this fall. A textbook example of a short.
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Follow-up
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If anyone still doubted that we were already in a bear market, they have received a convincing reassurance today.
You are genius! I was preparing for that moment for a year now, and missed half of it by going long anyway, wow! I am just mesmerized by waves of the snake of the market graph - thank you for bringing me back to life!
artizan777
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aahahahahhh what I wrote to everyone . that everything today will be bought back TODAY !!!!
artizan777
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tomorrow everything will be bought out and let's go upstairs
ReallyMe
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@artizan777, Have you heard about "The Dead Cat Bounce" ? Google it
@ReallyMe,aahahahahhh that I wrote to everyone yesterday. that everything today will be bought back !!!!
ReallyMe
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@artizan777, Stop panicking. As a trader, you need to have your temper under control. A $26 trillion market is like a big tanker, it can't turn around on the spot. If you understand in which direction the ship is heading and don't panic at every small wave, you can be successful in the long run. Otherwise you will always lose money, so better not trade at all.
artizan777
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@ReallyMe,I do not panic fucking, I looking at the monitor !!
artizan777
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@artizan777,you can tell fairy tales about 26 trillion as much as you like, but the other 26 trillions do not bother them yet .... the FED started the repo program and this is the same QE