US500 potential move to the downsideMarket sentiment has been negative with fears of the hard recession approaching. I've been looking for short opportunities in the market because of this and spotted this setup
UShort
Vanguardsp500
Comparing Vanguard to BTC In both of these charts, you can see the correlation between 2 sectors that had if not IDENTICAL run ups due to their nature of being overbought and unregulated. (housing crisis of 08 vs Crypto crisis of 2022)
As of now we are still on our path downwards. The housing crisis took until Nov 2007 to late 2009 to start on the path of recovery. We know cryptocurrency is here to stay and the technological advances in our payments systems and the way we book keep and communicate will eventually if not be on blockchains.
Being that it took us 2 years to recover from the housing crash by implementing regs such as Dodd Frank and Fannie Mae, Freddie Mac, FHA, VA, ext. we have a much more investor friendly housing market. Crypto will soon be on that path with regulations. 2023 should be a ideal year to add to short positions or even build upon current ones. However 2024 it would be unsafe to carry that mentality. Regardless of who is president, this market sentiment will turn around and 2024 we can expect a reversal.
Short
Short
$VUG indicators bullish | Possible run up to 160's$VUG
Seeks to track the performance of the CRSP US Large Cap Growth Index.
Provides a convenient way to match the performance of many of the nation’s largest growth stocks.
Follows a passively managed, full-replication approach.
investor.vanguard.com
Long
$VOO Short Term Bearish - Indicators heavy - Double Top$VOO Seems to be having trouble breaking through the resistance and forming a double top, in the mean time the indicators are getting heavy and turning down, MACD is turning bearish.
Fear of trade war + little money inflow = BAD
Short