This is the weekly chart of the S&P500. It won't take long before the stock market will crash again. Correction is needed, after every swing up, you get eventually a swing down.
We had a crazy bull run last 10 years. Don't look weird if the upcoming two years will be bearish. In my opinion it's a great moment to take profits from stocks and invest it in physical materials like gold or silver.
If you're a day-trader like me, watch stock markets for both directions shorting as long trades and don't hold your position overnight. Last big crash we dropt almost 50%, keep that in mind in trading, dropping/crashes are mostly a lot faster because of the panic.
It's really simple, but obvious TA. But remember simple TA is the most effective, looking for non existence patterns won't work. Also keep in mind this is really long term TA, our last wave can extend in theory a little bit more, but in my opinion correction comes really fast and holding stocks atm is not worth the risks.
We had a crazy bull run last 10 years. Don't look weird if the upcoming two years will be bearish. In my opinion it's a great moment to take profits from stocks and invest it in physical materials like gold or silver.
If you're a day-trader like me, watch stock markets for both directions shorting as long trades and don't hold your position overnight. Last big crash we dropt almost 50%, keep that in mind in trading, dropping/crashes are mostly a lot faster because of the panic.
It's really simple, but obvious TA. But remember simple TA is the most effective, looking for non existence patterns won't work. Also keep in mind this is really long term TA, our last wave can extend in theory a little bit more, but in my opinion correction comes really fast and holding stocks atm is not worth the risks.
Trade active:
Still on target !
Comment:
Still dropping like a rock :)
Comment:
The next big drop will be around 2800 usd. It's on the smaller time frame.
