Hopefully everyone spotted the HoooleyProfit signal. Making an OP about how dumb they think HP is 2 weeks ago.
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.
DJI hit the 76 fib. Most classic bull trap level. The odds give this as the worse possible time to be bullish into a 76. If the 76 breaks, usually it retests and you can enter the same price with much less risk. Bullish into 76s can set you up for a rug pull.
Other international markets similarly met their big 76s.
If this was all a bull trap, that's the end of it.
All the classic tell-tales.
Read more about how short-term action compliments bear thesis on the swing resistances.
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