I see a lot of bears getting greedy eyes and bulls filled with hopium. Per my original chart, we are still headed into targets to short or get out of long positions. But! Wealth is transferred to the hands of the patient- from the hands of the impatient. The sidelines are cozy when you're aiming for the best entry.
Nice quote. Any guess which market sector will lead the correction?
LucyF2492
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@FreedomTrading, none at all to be honest, I just look at most charts individually and take them at face value without comparison to another.
CodedFlow
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wise words
LucyF2492
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@LoLBeach, Thank you!
SwingBGtrade
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That"s right.Every one is shorting right now.I am with you above 2690.
LucyF2492
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@SwingBGtrade, Thank you! I had my targets all in blue box, waiting to see which one doesn't hold so well. People tend to get excited and enter long too late and enter short too early.
@SwingBGtrade, makes sense, I see three scenarios. Wykcoff distribution until the end when it bends, a double top and down or a new ATH. Just following it and trading the in between swings. But I have held a short since the top as my bias is to the downside.