I'm unreasonably confident in a hard rally to a new lower high coming soon. The market feels like it is accepting that we are in a bear market and everything will continue dropping, that usually means it will not. I'm bearish for the rest of 2022 at least, my target is 350 but I don't believe will test 400 before a decent bounce.
This idea goes out of the window if the Fed surprises with a 50bp hike, I sincerely doubt that will happen though.
This idea goes out of the window if the Fed surprises with a 50bp hike, I sincerely doubt that will happen though.
Comment:
this is going well. took some profit. not sure how much i trust this to continue
Trade closed: target reached:
target reached. time to brace for the downside i think