Belief is perhaps near complete.
The majority now believe the market will not go down.
Noteworthy are the upside price moves, when downside price is expected.
That exact opposite bullish market response, cements bedrock belief that prices can only go up.
When bullish opinion becomes this one sided, when the majority become this complacent,
as a trader then I believe that the market is setting up then for a big surprise.
I continue to accumulate short position against the S+P 500,
and would view a false breakout now above 3100,as terminal.
SPX Last 3094.04
THE_UNWIND
11/14/19
MOUNTAINS OF NEW YORK
The majority now believe the market will not go down.
Noteworthy are the upside price moves, when downside price is expected.
That exact opposite bullish market response, cements bedrock belief that prices can only go up.
When bullish opinion becomes this one sided, when the majority become this complacent,
as a trader then I believe that the market is setting up then for a big surprise.
I continue to accumulate short position against the S+P 500,
and would view a false breakout now above 3100,as terminal.
SPX Last 3094.04
THE_UNWIND
11/14/19
MOUNTAINS OF NEW YORK