christopherbrecher
Short

A break of 196.48 opens the door to much lower.

AMEX:SPY   SPDR S&P 500
405 26 8
Everyone I know is leaning long. Time for a real washout.
I like how if you press play on the chart the "this is about to get real ugly" is exactly in the gap...
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Good one.
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I wish I were that good!.
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Notice how they are pumping news now to keep it above support...
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chartmojo PRO chartmojo
whoops that was for the AAPL chart.
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I'd love to see the real list of who is bearish, how bearish they are, what their stops are, what % of their account they have at risk = then I could get a real grip on things. 196 was a big level to break for sure.

I can't wait until TV has sentiment where we can all vote each day on where we think the market is going and, better yet, how much we have at stake in that idea.
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2use timwest
Good idea! Other sites have such a sentiment already. I'll refrain from saying for others from now on - that was just my feeling of your opinion. You may turn bullish at any moment ;)
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I think sentiment is the "one big thing" we can harness at TradingView ---- to collect the "trading" "view" ----and graph it.
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I got the breakdown at 196 on SPY and the retracement back up to sell on SPY, but getting a much bigger decline hasn't yet happened.
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Off by a few hours..:)
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