The Breakaway " Island Gap on Friday 12/20 above 3210 Resistance suggests the possibility of a melt up,
or an " Extreme Bullish Sentiment Unconfirmed Double Top" at 3225
15 Minute RSI, ( Shown Here ) has already turned down,
technically confirming the possibility a" False Upside Breakout' on Friday.
Sentiment is now SO BULLISH, that the market is refusing to even correct .
Imagine that,
As a trader, one can look at this market in two polar opposite ways.
Bulls are now "very long", locked into position and placing new bets all the time that the market is heading higher.., much higher.
And this is not to discount the possibility of a potential S+P 4000 in 2020,
as one super bullish writer that I know is now contemplating in his analysis.
Bears are now completely beleaguered with their numbers dwindling to an extreme low.
No one believes them. No one thinks the market will fall. Their credibility is next to zero.
The market continues to roll over bears like steamrollers on a new highway construction project.
In after hours trading on Friday Dec.20, I opened a new large "short' position on the S=P 500
Who would think of doing such a thing ..?
It's not that I think that I don't think the market won't continue to rise.
Its just my belief that when a real genuine selloff begins, bulls will be finally trapped by their own makings,
Most believe now that a new very strong market advance is just around the corner.
And 2020 will bring much more harvest, for true believers.
,
Prepare yourself. To even think about stopping a market decline once it begins, is going to be "virtual impossible".
THE_UNWIND
12/21/19
Nocturnal
First Day of Winter
MOUNTAINS/NEW YORK
or an " Extreme Bullish Sentiment Unconfirmed Double Top" at 3225
15 Minute RSI, ( Shown Here ) has already turned down,
technically confirming the possibility a" False Upside Breakout' on Friday.
Sentiment is now SO BULLISH, that the market is refusing to even correct .
Imagine that,
As a trader, one can look at this market in two polar opposite ways.
Bulls are now "very long", locked into position and placing new bets all the time that the market is heading higher.., much higher.
And this is not to discount the possibility of a potential S+P 4000 in 2020,
as one super bullish writer that I know is now contemplating in his analysis.
Bears are now completely beleaguered with their numbers dwindling to an extreme low.
No one believes them. No one thinks the market will fall. Their credibility is next to zero.
The market continues to roll over bears like steamrollers on a new highway construction project.
In after hours trading on Friday Dec.20, I opened a new large "short' position on the S=P 500
Who would think of doing such a thing ..?
It's not that I think that I don't think the market won't continue to rise.
Its just my belief that when a real genuine selloff begins, bulls will be finally trapped by their own makings,
Most believe now that a new very strong market advance is just around the corner.
And 2020 will bring much more harvest, for true believers.
,
Prepare yourself. To even think about stopping a market decline once it begins, is going to be "virtual impossible".
THE_UNWIND
12/21/19
Nocturnal
First Day of Winter
MOUNTAINS/NEW YORK