1987 Again?? Short

S&P 500SP

Description

⋅ Dec 26, 2018 12:18 PM

Possible repetition of 1987 flash crash -» exact same pattern.

It's even possible we don't have Wave 4, the panic can be so great causing the market going straight through towards the blue buying area.

We'll attempt to go short at $2300 only risking 1%

Comment

⋅ Dec 26, 2018 2:32 PM

Seems the markets want to break up to $2400 -$2500 area -» can be a fake out.
Range is possible so this can take days, patience is the key.

Trade active

⋅ Dec 26, 2018 5:17 PM

short at $2405,30

Trade closed: stop reached

⋅ Dec 26, 2018 8:41 PM

Stop reached: loss 1.5%
Placed sell order at $2300 as the initial plan.

Comments

Anoinvest

⋅ Dec 26, 2018 10:21 PM

Hello thanks for your TA. I do fully agree with your big correction and here is my view and why I think so

CryptoHedging

⋅ Dec 27, 2018 6:36 AM

@Anoinvest, Hi thank you for your comment :) I also agree with this picture but it does seem it can take way longer for the correction to happen. We can see a "rally up" in the next months (weekly chart), time will tell!