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NewYork888
Dec 26, 2018 9:21 PM

SPY Not Buying This Bounce Looking For An Eventual $148  Short

SPDR S&P 500 ETF TRUSTArca

Description

We will be looking to get SHORT SPY or SPX on any bounces now including todays- this is a very long term call and not for the faint of heart . We feel the SPX will eventually find it's way all the way down to S&P 1480 in a real crash. If you agree we would strongly suggest you use definded risk trades only for protection #stocks #trading #fintech

Comment

Surprise Surprise Futures are Down Down Down - Be Careful Out there

Comment

Hopefully you listened to this post yesterday and ignore the CNBC "experts" talking their own book today - you know every bit as much as they do with a little research. As we said be careful out there.

Comment

Did you listen? Or did you follow the advice of the "Experts" on CNBC talking their own book?

Comment

We are 100% confident in this call. It may take a while to play out but the rewards for patience will be enormous. Do your own DD and good luck.

Comment

We are as we have stated 100% confident in this long term - and by that we are looking for a flat 2019 that as we posted in a reply to a comment below will result in a flat bull trap year followed by a major downturn in 2020. This call is not for short term amateur traders looking for a fast buck that they will eventually give back every dime of as they ALWAYS do. This is a professional call made by professionals for aspiring professionals. There is no need for us to update this call again. Good luck to all.

Comment

Lumber has lost it's "MoJo" which could be a warning for the overall market.

Comment

At this pint we'll be watching our Tom DeMark Sequential Indicator along wiit our own work - if you are serious about markets and don't have access to Tom's work - get it.
Comments
Michele1970
Wrong
astoinis
Also agreed.
Hubris
Mother of all equity collapses right on our doorstep now. Been waiting a long time for this and it looks like it will take everything down with it.

This is going to be gigantic, much, much bigger than '08!


NewYork888
@Hubris, Jim Rodgers and Paul Tudor Jones agree with you. Thanks for the comment.
Hubris
@london55555, Yep, I can see how BTC can have a sell off to new lows as this macro equity sell off gets under way... then we step in...
UnknownUnicorn2825836
totes agree
dRends35
Thank you :)
Gruntle
I have a near similar downside target of 154. Like you said, very long term. Best of luck.

NewYork888
@Gruntle, Thank you for the comment and chart.
dRends35
50 / 200 week ma catch the wave to 0.618 retracement

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