Not Selling, not Shorting - Bout time we had a bit of Downside
Looking pretty weak right here...Just eyeballing, will have to see how it plays out, but we are due for a dip, maybe some good buys on the way. I would imaging more than a few folks are starting to remember how last February worked out. I don't picture too much happening, but I think I'm gonna have to be watching several things like a hawk for the next month and a half. Gold, Oil, S&P, Bitcoin and of course the VIX...
I wouldn't be surprised if at the very least we tested the low 3800s on the S&P500 in the next two to three weeks, possibly even 3750-ish. I am now looking for potential catalysts. For the record I don't think last year repeats unless something really bad happens...say something on the level of a Deutsche Bank going under (just using as an example - Deutsche Bank catastrophically failing is such a meme and for so many years, I doubt it).
I wouldn't be surprised if at the very least we tested the low 3800s on the S&P500 in the next two to three weeks, possibly even 3750-ish. I am now looking for potential catalysts. For the record I don't think last year repeats unless something really bad happens...say something on the level of a Deutsche Bank going under (just using as an example - Deutsche Bank catastrophically failing is such a meme and for so many years, I doubt it).