measures in Terms of Accumulation/ Distribution,
continues to suggest that Distribution is Accompanying Price Advance,
from marked down lower levels in the S +P 500 making this week's sharp bounce rally SUSPECT.
Shorts had been positioned to capitalize only to see price blow up in their face this past week.
Short covering rallies often exhaust themselves as price continues to advance,
as large money takes advantage of the opportunity , to sell and exit the market.
As we close 2018, and enter 2019 this week,
I continue to believe that we have entered a new BEAR market,
that will make its presence KNOWN and FELT DEEP IN THE HUMAN PSYCHE
by continuing to SURPRISE THE MAJORITY ON THE DOWNSIDE.
Rallies will not be able to get past key important longer term resistance points,
the effect of which will continue to cause additional new selling pressure to suddenly appear,
as trapped bulls throw in the towel,and exit the market at lower prices than they purchased.
That is the underlying characteristic of a bear market.
The only question in my mind for 2019 is how far prices will ultimately have to fall...
before real accumulation,and genuine price advance can begin a new again.
2019 The Year of the Pig, Can "symbolize" poor luck with achieving wealth,and unexpected financial losses".
Happy New Year !
Trader's heaven indeed Svi.
It really give the trader the opportunity to get involved each day,
on either side of the market.
I trade 3 X Leveraged ETFs, on the S+P, Dow, and NDX. Bull/Bear
On any day, one index will lead the others.
Market is just giving a trader the opportunity, to step up to the plate anytime they desire.
Excellent fundamental rationals here, as always. Thank you.
I hope you have a very prosperous New Year.
I used to trade E mini Futures myself. The no day trading is the appeal.
But the $50 a point is a factor.I prefer the 3 X ETF's like SPXS and SPXL where I can position size, at much less $ risk.
Your insights are some of the best i've read anywhere.
2520 now looms larger, because what you have written. Thank you Svi
Best of luck in the New Year
Thanks again @The_Unwind for unique analysis and insightful perspective!!
Thanks so much. Happy New Year to you