My signal just told me to begin shorting the spy. Good thing I'm 90% cash.
Remember tread carefully and trade responsibly....
Remember tread carefully and trade responsibly....
Beginning of a bear market 2022?
- Thread starter vincentnyc
- Start date
At time of writing the Russell 2000 is down over 20% from ATH, needs to close below 1954 to confirm, however we may get a (dead cat) bounce from here and don't get that closing confirmation just yet .
you are talking about russell 2000 and i'm talking about spy. yes they may be slightly correlated. but they are 2 different market.
SPY is near support, could bounce 200 points from here, unless the market selloff is like 2020 when the selling was resentless.
spy could or may not bounce off support. i'm a price action trader. i don't predict. i let the market tell me what to do.
You fools crazy betting short right here
SPX is ripe for a rip to 4500’s to clean out shorts before the next leg down to 3800’s
SPX is ripe for a rip to 4500’s to clean out shorts before the next leg down to 3800’s
maybe or maybe not...place your bets.
Daily certainly needs to come back inside the lower Bollinger Band. --Not sure that means a run to 4500s, but anything is possible.
First objective is rtm to open gap above
indeed..tesla earnings in 2 days, apple in 3 days. Right now they are just setting up the weak handed shorts before the above mentioned next leg down..this is the panic play