Please also note that this picture is a "short term outlook" for me. I primarily look at centurian, decadian and yearly cycles in the market, so please do not bet your farm on short term puts because of my posts. I disclose that I suffered some damage during this bear market rally, but I am primarily positioned for the extreme case that the crash may not happen until all the way to 2022. I fully and humbly recognize that nobody is a market prophet and that I could be completely wrong, even though I have spent tons of research and effort in putting together this (hopefully accurate) picture.
My first and foremost warning has always been to get out of the market because we are likely entering a centurian downturn. Playing the possible generational wealth building opportunity comes secondary to safety.
Good luck all!
With respect to sentiment, the p/c ratio is still extreme low suggesting way too many call options are in the open market. Therefore, we should still be far from bottoming. Also, Robinhood users are also still buying up garbage stocks in a frenzy despite yesterday's warning drop.
Supere's Bear market rule of thumb #1:
Close large profits on gap downs. The market typically rallies every day until around European close (1:30 EST) where new shorts can be opened.
Downtrend day 15 of 45 completed. Have a great weekend all!
Been a long road for the bears, but this week's turn might finally be the peak of the super cycle *everything* bubble. As I said many weeks ago, bullish speculation, sentiment and technical overbought values have broken all historical values. Therefore, there was no roadmap to follow. However, if the top has been hit, then it should be the greatest top in the archived history of the world's markets. If my view is correct, next week should start with a bang to the downside. Have a great weekend, all!
The turn should be soon and the dark pool index suggests it will be the deepest and most violent correction yet: https://squeezemetrics.com/monitor/dix
Seems to me that big money is beginning the sell-off using stealth tactics, selling tech one day while buying garbage stocks; selling garbage stocks the next day while buying tech. In this way, they can exit their final positions without influencing the major indices significantly until it is all too late for the mass to respond.
Hindenberg going to blow.
based on your comments, do you see the rug pull happening tomorrow?