What you want is 8 meticulously detailed and data intensive paragraphs about why the stock market is going down 53% from the ATH and how you could have know that back in October. But you actually don't need to know anything about finance to see it in the chart.
Why waste my breath? I posted the chart. A picture is worth a thousand words.
The people who will benefit from this trade idea are the people who are free thinkers. You will see the chart and think for yourself: How could this be 99% accurate and/or how could this be 99% wrong?
You need to be able to envision both possibilities in your head and manage your risk around what is the most probable scenario. Forget the narratives, forget the "news".
.....But I dont need to tell you good traders that, if you see this post your already figuring out what you can learn from this chart; the rightness and wrongness of my idea (statement) based of of your own interpretation.
Like modern art it tis.
This is honestly just a normal market cycle. A measly correction is unlikely. Once we fall past the MA200 its a rippity rippity wrap. (but first Im gunna long the bounce off the MA200 before it continues to break down)
BEAR GANG GOING FOR THE SLAM DUNK
dnt worry relief is coming swenish, 2350ish im eyeing, and yes i think the pump will be pretty epic
i never trade counter trend without STRONG confirmations of a temporary reversal
dont be fooled by the relief rally (luukin at 2600ish possible top), we just getting started
hope i helped some of yall, cheers
patience and conviction
next week there will be blood
invalidation, any higher than 2630 for more than an instant
or 2600 holds as support
otherwise, this next dump will be harder than the first,
adding the bulk of puts here, keep position sizes responsible and if continues higher ill be out no hesitation
firm invalidation is consolidation above 2675
i thought we were heading a bit higher but were getting rejected at the start of my resistance zone which got me ready to go again with puts today at the close
otherwise holding short until we approach a new ath or i get my 53% drop m i n i m u m