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SabahEquityResearch
Jul 4, 2022 9:03 AM

More downside is imminent Short

CURRENCYCOM:US5001D
US 500Currency.com

Description

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Adjusted for inflation, 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%. That was multiple compression. Next up, earnings compression. So, maybe halfway there.
keeping fundamentals aside, our legendary forecasting tool indicates further downside is coming.

previous forecast:



please keep in mind this entire idea can be wrong



Trade active

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We have the setup now to short

Comment

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Any rally on FOMC is shortable we have so much downside to go. My model indicates 3200-3000 to be the end of bear market.

Comment

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Any rally on fomc is shortable, hope you got it .

Was a very nice day ,good night

Trade closed: target reached

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I'm out , it won't stop until forming new Lew .
Fundamental AnalysisElliott Wave
Comments
CapeAfrican
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Touched the Trend line today -- rejection to looking for a drop....
Princesslv
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Are you investing in it or you use leverage trading?
SabahEquityResearch
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@Princesslv, I will start investing in 2 months, hopefully market will bottom out till then. For now I'm looking to short this. I never use leverage.
Princesslv
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@CountLikeWallStreet, How do you sort this if you don't use leverage like MT4? so you are using options?
SabahEquityResearch
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@Princesslv, I trade it via futures
Princesslv
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@CountLikeWallStreet, what future brokers do you use?
Princesslv
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@CountLikeWallStreet, btw why don't you use Leverage margin trading?
korvin479
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@CountLikeWallStreet, are you investing right now?)
UnknownUnicorn7131705
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What means "new Lew"? Thanks
SabahEquityResearch
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@tintin300, new low *
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