Chaikin's Money Flow Indicator,( As Seen on Chart Presentation)
measures Volume in Terms of Accumulation/ Distribution,
continues to suggest that Distribution is Accompanying Price Advance,
from marked down lower levels in the S +P 500 making this week's sharp bounce rally SUSPECT.
Shorts had been positioned to capitalize only to see price blow up in their face this past week.
Short covering rallies often exhaust themselves as price continues to advance,
as large money takes advantage of the opportunity , to sell and exit the market.
As we close 2018, and enter 2019 this week,
I continue to believe that we have entered a new BEAR market,
that will make its presence KNOWN and FELT DEEP IN THE HUMAN PSYCHE
by continuing to SURPRISE THE MAJORITY ON THE DOWNSIDE.
Rallies will not be able to get past key important longer term resistance points,
the effect of which will continue to cause additional new selling pressure to suddenly appear,
as trapped bulls throw in the towel,and exit the market at lower prices than they purchased.
That is the underlying characteristic of a bear market.
The only question in my mind for 2019 is how far prices will ultimately have to fall...
before real accumulation,and genuine price advance can begin a new again.
2019 The Year of the Pig, Can "symbolize" poor luck with achieving wealth,and unexpected financial losses".
Source; yourchineseastrology.com
Happy New Year !
THE_UNWIND
12/29/18
NEW YORK
measures Volume in Terms of Accumulation/ Distribution,
continues to suggest that Distribution is Accompanying Price Advance,
from marked down lower levels in the S +P 500 making this week's sharp bounce rally SUSPECT.
Shorts had been positioned to capitalize only to see price blow up in their face this past week.
Short covering rallies often exhaust themselves as price continues to advance,
as large money takes advantage of the opportunity , to sell and exit the market.
As we close 2018, and enter 2019 this week,
I continue to believe that we have entered a new BEAR market,
that will make its presence KNOWN and FELT DEEP IN THE HUMAN PSYCHE
by continuing to SURPRISE THE MAJORITY ON THE DOWNSIDE.
Rallies will not be able to get past key important longer term resistance points,
the effect of which will continue to cause additional new selling pressure to suddenly appear,
as trapped bulls throw in the towel,and exit the market at lower prices than they purchased.
That is the underlying characteristic of a bear market.
The only question in my mind for 2019 is how far prices will ultimately have to fall...
before real accumulation,and genuine price advance can begin a new again.
2019 The Year of the Pig, Can "symbolize" poor luck with achieving wealth,and unexpected financial losses".
Source; yourchineseastrology.com
Happy New Year !
THE_UNWIND
12/29/18
NEW YORK