Correction is coming 2024...but BLACKSWAN in 2026 or 2035?It's been 5 years since the last time Ive published an SPX idea and also the last time I entered a SHORT POSITION .(Please check my 2019 post)
COVID and OIL Carnage(went to negative price! LOL!) was the BLACKSWAN.
I was staring at my P/L goes UP while watching the world go DOWN and Im thinking to myself. How the fck is this world going to recover? Can the market bounce back? How long before everything goes back to normal?
So I went straight to grocery and yeah I Bought some toilet paper and food coz im not getting out of my place unless If I need to. While being quarantined in our tiny apartment, me and my wife decided to watch the Avenger: Infinity War. And one of my favorite scene was when Thanos killed and destroyed Gamora's planet, gave her a knife and said "Perfectly balanced as all things should be." This MARKET NEEDS a CORRECTION. Exuberance AI stocks NASDAQ:NVDA NASDAQ:AMD needs to be destroyed.
AS A BULLTARD, My guts is telling me that after this CORRECTION DOWN it will also have a VICIOUS bounce UP to the 5000 area.
Ive started an SPX short position last Friday(1/26/24) and will be patiently waiting for a RED WEEKLY CANDLE to double down just as I DID in 2019. I will cover in tranche when RATE CUT starts.
2024:CORRECTION when RATE CUT starts
2026:BLACKSWAN? Hopefully not
2035: Definitely a BLACKSWAN is coming!!!