Still holding my shorts. I tried to sell half of them at the most optimal time but my internet crapped out on me. Was hoping for a revisit but never happened. I'll try posting my SPXU charts. That's what I use to short the market.
Looking for the market to re-enter the November channel (black parallel lines). Might be wishful thinking but a lot of my other indicators showing there's room for more selling. Fear/Greed indicator shows quite a bit of fear, but it's understandable given the climate we're in.
Looking for the market to re-enter the November channel (black parallel lines). Might be wishful thinking but a lot of my other indicators showing there's room for more selling. Fear/Greed indicator shows quite a bit of fear, but it's understandable given the climate we're in.
Comment:
For the bulls, you're not out of it. We're still in striking range of the blue line (2656). If they win this back, I will probably take some of my profit off the table. Things COULD get bullish from there.
Comment:
I've been looking at my charts from a 5min perspective and didn't think to zoom out a bit. Noticed people mentioning the potential triple bottom. Man, all the more reason to take some risk off the table and sell your puts. Oh well. Hopefully, it will work out in the end.