Have just come out and said they see the market falling by 24% more. I say, more... by a little. So you bulls, you need a wake up call. A smack. A kick. A push. Another slap. A baseball bat .. well lets not get carried away. You get the idea. :) No in all seriousness, I agree and do think its coming just a little lower. Why? The charts tell me that. I never care or trust what these clowns say but happened to see a write up on it and just happen to agree. Next week, I am looking for the 70s on both indexes. For SPY I could see 375 but I could also see in the lower 70s not being out of the question. In the event, not even looking.. its pouring out, its Friday night, dinner is cooking and I have no time for this garbage going into the weekend but if there should be a gap up or a run up early in the week, you know what to do. Ill sit down over the weekend and come up with a better game plan how the week should go, a more accurate and detailed one but if you are long, stops in place because next week we come lower. SQ, NIO (never thought I would trade that garbage but it looks appealing) but mostly QQQ and one of them big box retailers are what I am mostly looking at. SPY... ehh, maybe. Only if there is a run up ill jump in for the short.
for the most part I have always agreed with you but I feel like this week will be green, there's been too many weeks in the red, even if it's just green for Monday-Wednesday and red for thurs-friday it'll still be green. This chart is looking a lot like 2008 and there was a pullback before it went downwards even more and I believe this week will be it.
isaacjuicy
⋅
@isaacjuicy, Also, I'm proud to say that you where right about Tsla. I thought you where right in the beginning but it was being weird and resisting so much that at one point I thought you weren't right especially with the "cult-like" followers of Tsla being hardcore bullish and pushing it up, but now that I can see you where right all along lmao.
Peterson
⋅
Negative divergences are taking over on many time frames, with the exception of March 15th, positive divergences are failing en masse, something to think about, the tide has turned after many years imho.
Steversteves
⋅
Agreed, I am kind of hoping for a bit of a gap up and run into Tuesday to squeeze out the last little bit of profits and then switch short. I also read those articles too! I kind of laugh because at the beginning of the year there were these same articles from these same banks being like "Nah everything is fine, no bear market, we aren't going to get a massive sell off" and now the tune has completely changed LOL! Have a great weekend! Thanks for the post!
Original_Stock_Whisperer
⋅
@Steversteves, If that were to happen, absolutely. And yeah, it's funny. I remember in 2007/ 2008 these clowns were denying everything, even as things started unraveling, nope, there are no problems. Everything's great. We all know how that turned out. Charts never lie but they do.