Bearish set up, (following on from my other post where the price at the top of the market hit a fix 1.618 extension of the prior recent down move almost to the tick, which I told people about before it happened as a great potential inflection point) Yes I am short.
The trendline must hold for the bulls,
The OBV on balance volume suggests weakness in the index
Suggesting the trend line will not hold for long, unless buying comes in
Next stop back will be lower, most likely with bear market rallies
I think we will test 4800 again between now and end of next year.
If a sell off starts it could be extreme, the market is weak.
There are hardly any bears left, mutual funds have minimal cash on side lines left to buy.
Government shutdown in USA has woken people up to having not everything in the markets and need cash on hand to pay bills if they dont get paid by Government.
We are only down 4% from a potential top, imagine selling the top within 4% in a few years time that will be acceptable for most traders. Even as a hedge and to bank some of those gains.
If it turns out to be a top, just sell a few contacts each few until you build up a nice sized position. Watch out for bear market rallies. Ifs a bear they will be super sharp upside, and then you can sell them at size. Look back historically to see how much these bear market rallies rise,
I notice that you can draw a nice downside trend line in a bear market and just sell every time the price hits that trend line to be very well off if it turns out to be a bear. not advice only fictional trading, of those that work hard at trading to make theirs and others dreams come true. Be grateful that you saw this now and took the time to understand the risks and potential gains because it could change your life
The trendline must hold for the bulls,
The OBV on balance volume suggests weakness in the index
Suggesting the trend line will not hold for long, unless buying comes in
Next stop back will be lower, most likely with bear market rallies
I think we will test 4800 again between now and end of next year.
If a sell off starts it could be extreme, the market is weak.
There are hardly any bears left, mutual funds have minimal cash on side lines left to buy.
Government shutdown in USA has woken people up to having not everything in the markets and need cash on hand to pay bills if they dont get paid by Government.
We are only down 4% from a potential top, imagine selling the top within 4% in a few years time that will be acceptable for most traders. Even as a hedge and to bank some of those gains.
If it turns out to be a top, just sell a few contacts each few until you build up a nice sized position. Watch out for bear market rallies. Ifs a bear they will be super sharp upside, and then you can sell them at size. Look back historically to see how much these bear market rallies rise,
I notice that you can draw a nice downside trend line in a bear market and just sell every time the price hits that trend line to be very well off if it turns out to be a bear. not advice only fictional trading, of those that work hard at trading to make theirs and others dreams come true. Be grateful that you saw this now and took the time to understand the risks and potential gains because it could change your life
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免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.