Wedge and all supports are broken! It will collapse like others!

FX:SPX500   S&P 500 index of US listed shares
401 1 10
Just a quick post now here, as I am quite busy. Please follow my quicker Twitter posts as here I won't be able to write too much.

Ignorance! Greed! How many times I have warned you about the REAL risk?! The risk was that Brexit would happen. And it did! That was what you had to hedge somehow. Missing a rally of another 1-5 % in was not a risk! Stuck with being long stocks after 7 years of bubble blowing IS a risk.
Now suffer the consequences of idiotism... I mean those who are long and still bullish .... but hey, you know what? It is still not too late to sell your US stocks and maybe even to go short on SP500             Index!

- Price retested wedge top, nice mark up, followed by puke! Bearish wedge is broken! Kijun Sen is gone, 2061-2072 support zone boken. Spot Kumo penetrated! Forward Kumo shows a bearish twist (Senkou Span cross)!
- Heikin-Ashi signal is obvious. Screaming sell!

And still.... what a fckn miracle!!! Price is not more lower from virtual all time top than 3-5 %??? :-D Look at what's happening to DAX             and other indexes. Look at What's happening to bonds and gold             . Look at EURUSD             and DXY!
Do you still believe the extremely expensive SP500             will survive the selloff?

Good Luck!
pmcllc PRO
9 months ago
Looks like it may reach the 1800-1600 level
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