There's a golden rule that states "never short a market,"
when the majority of traders, or the crowd are overwhelmingly outright bearish.
As evidence of that "tipped boat" of bears
Market Vane's Latest Poll of traders showed only 35 % were bullish,
compared to readings in the high 60's at the market peak in January.
Inflationary economic numbers force investors
to reposition assets to take advantage of this rising rate environment.
When stock market bids, to buy stock seemingly come out of "nowhere",
then traders should immediately recognize the sudden and potentially dramatic
change of sentiment from bearish to bullish and the significant impact it could have,
....on a very down and out US stock market.
SPX Last 3669.89
THE_UNWIND
10/14/22
Woods Of Connecticut
when the majority of traders, or the crowd are overwhelmingly outright bearish.
As evidence of that "tipped boat" of bears
Market Vane's Latest Poll of traders showed only 35 % were bullish,
compared to readings in the high 60's at the market peak in January.
Inflationary economic numbers force investors
to reposition assets to take advantage of this rising rate environment.
When stock market bids, to buy stock seemingly come out of "nowhere",
then traders should immediately recognize the sudden and potentially dramatic
change of sentiment from bearish to bullish and the significant impact it could have,
....on a very down and out US stock market.
SPX Last 3669.89
THE_UNWIND
10/14/22
Woods Of Connecticut
Comment:
SPX Chart Interpretation. Not Trading Advise.
Downside Break of 3590
would "once again" be TECHNICALLY BEARISH.
SPX Last 3630.55
10/14 10:18 am EDT
THE_UNWIND