Thats kinda where I feel like we are now in regards to the S&P. That ratchet is gonna pop
February 2016 $SPX 1811 to September 2018 $SPX 2941 = 1130 points
September 2018 $SPX 2941 to December 2018 $SPX 2347 ...
HWB for 2/16 to 9/18 was 2376, 30 point overshoot
That ratchet has done already popped ... I wan't here then, so let me ask: Was B1 shorting it the whole way down, or was he long?
All I know is this - I trade bears, and I trade bulls. But I'm not going to be stupid enough to trade today's bull as though we were still living yesterday's bear. What happened in September is unimportant except for ESM 2947.
Bear markets do not hibernate. They die. You'll not see another bear 'til the next one is born. In the mean time, the money is made being a bull rider, not a bear hunter.