The market finally broke down yesterday but then recovered a lot of it before the close. Nothing really to do right now but wait as I know we will be hitting the FP on the SPY soon. It could happened today or tomorrow? I don't know the when part but I'm just holding my shorts and will only exit once it's hit.
Then I'll go long for a 50% retrace, which should be back to around 5100 or so. Time wise I'd say that will happen within 2 weeks... probably faster, like 1 week. After that happens I don't know? I'll have let it all play out and see what the charts look like at that point. The weekly chart is quite bearish looking so the move down after the retrace could be lower then the coming low at the FP, but it's not something I can forecast right now. One trade at a time and for me it's just to stay short until 483 on the SPY is reached and then get long.
Have a blessed day.
How is the market supposed to trust the Bureau of Liars of Statistics? https://twitter.com/biancoresearch/status/1780941852662739395
I don’t think most people trust any numbers from the government. I know I don’t. They just make it all up, from fake numbers to fake news, and fake history and rigged elections. We just have to all stand together and do what we can to expose them and wake up the sheep that still watch the lying media networks still. I only watch Real Americas Voice as it’s the only news agency that tells the truth.