True, nobody knows how much further it may go before we see a big sell off. I would not short based only on sentiment or my opinions, I use price levels & start small shorting strong mkts.
Near this top, the ET chatter was the Fed would never let the market go down. The day prior to this high the weak breadth hit a historic level, I was ranting about it on ET & shorting the NQ/MNQ.
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Caught most of this waterfall sell off, took a few small losers in getting positioned on this swing trade which made my year & than some. This is why I use sentiment & internals along with price action & good risk/trade mgmt.
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Depends what we're talking about. Small correction incoming any day now, completely agree. Big one > 10%, might wait a while.
