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Johnny_Nickles
Feb 25, 2020 5:05 AM

This selloff is going to last Short

SPDR S&P 500 ETF TRUSTArca

Description

According to the Cashflow and CICO reports (both available free on Tradingview), today's selloff vector was larger and more dramatic than August. The daily candle is a clear sell. Several month long lower support was also broken (Oct. 2019). It appears like Scrouge McDuck and his buddies were selling at a large profit to swim in their pools of money before things get really bad. I wouldn't touch stocks until we see some incredible upward momentum. Don't rely on fake news stories, use logic.
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