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Showing posts from December, 2022

Number of significant possible big bear signals recently. Let's recap.

Hopefully everyone spotted the HoooleyProfit signal. Making an OP about how dumb they think HP is 2 weeks ago. https://preview.redd.it/2wqd7wz2mb6a1.png?width=1915&format=png&auto=webp&s=5ea30281395f8be8315415846f1919520055bb67 HooleyProfit has went from telling people to get all cash at 3700 to saying HP could have "Quit while they were ahead" when it was 20% down. Was no need to keep saying bigger percentages. With respect, Hooley may have quit while they were ahead in 2021. This is not about "I told you so". It never was. It's always been about tracking the signals and explaining how they form or fail. Ways to make trade plans around that. As per the signals discussed, we've triggered bear signals rather than some arbitrary "Called it" percentage. ​ Let's look at the signals: ​ The 161 retested. An area that's always been given as the critical decision level for the macro trend. https://preview.redd.it/78r1kcoumb6a1.

Optimal sell/inflection level for bull breakout met.

This is where the big decision for the foreseeable future is likely to be made. ​ Red path for bear. Blue for bull. Entering bear trades now with stops over 4145. https://preview.redd.it/01b4foapeo5a1.png?width=1456&format=png&auto=webp&s=30a9ad791d5d91eaaaa9e1cd566d8a126bfe93ac See more: Optimal sell level / Major inflection point met. (substack.com) via reddit https://ift.tt/omBX2fu

Crunch time I think. If we sell again, we sell hard.

I think if we make more highs, it's nothing but bad news for the bears. Really would seem best to pack it up for a while if that happens - however, as things stand we've rejected right inside of our bear zones. Very strong downtrend and ultimately a break of 3000 (Probably a bull trap rally soon after). ​ DJI has to reverse here for a bear. https://preview.redd.it/62wa4nnrruy91.png?width=1456&format=png&auto=webp&s=49bc3b63d99fdcc29f55da73cb5d66a2015a796a If we do top here, I'd not expect to see any significant rallies until under 31,500. And more selling after a range/bounce. ​ https://preview.redd.it/xtwj6s70suy91.png?width=1456&format=png&auto=webp&s=578f7e22ce847fcf9e558df283808cdaee8be4d0 ​ Read SPX analysis and more on how the DJI trade plan is generated. via reddit https://ift.tt/WMkzTqs