The Great Financial Wall Stands Strong

The Great Financial Wall that I posted about last time has withstood 6 weeks of bullish onslaught and held. Daily MACD has turned negative and, with respect to fractal intervals, I believe the bears that have survived and remain on the wall are about to fire back. Completely exposed and with little ammunition left, I'm afraid the overly confident bulls will high tail from the wall as fast as possible or risk being slaughtered.

Going short. If you don't know what you are doing, stay out and safe. Good luck friends.

Comment:

The bear retaliation begins exactly on schedule. Bulls will try to counter the first waves which should last up to 3 weeks, but shall eventually fail.

I am short XBI, XLE, IWM, XLF.

Comment:

Jan 23: Bulls hold up
Jan 24: Bears win first round

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Jan 27: Bulls begin to high tail from the wall in a panic. Bears give zero ground the entire day.

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Jan 28: Bulls put up a counter attack and inch back toward the wall.

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Jan 31: After a few days of fighting, the bears achieve their first decisive weekly victory, smashing the bulls' multiple counterattacks, aided by the fire of the VIX Phoenix as it rises to the sky for the first time since Feb 2018. The bears now have control of the wall *and* the Phoenix.