Over the last couple days a series of strong bear setups failed. The capitulation continuation pattern I was positioned for has not come to pass and I'm putting a lot more consideration into us having completed the first leg of the bear. A bigger retrace seems likely. Made a full exit of swing shorts accumulated into rallies through the last 6 months.
Also made a big exit in my USD longs. Turned off automated long USD strategies (Was running various aggressive grids, for those who know these strategies). Crypto I'd already made my big exit on trades after a 50% drop. I picked up new positions today and cut them quickly. If the bull moves fail, I'd flip to bear again - but as things stand I've made a 90% exit of bear positions.
My current bear risk is nominal. If shot to ATH I'd lose under 1/10 of banked profits.
I plan to bear higher or lower, but am currently positioned net bull.
Long stocks, crypto and short USD.
I'll post more detailed revisions of trade plans over the coming days. This is just a notification to anyone following - I've made a full swing exit.
I still think we're in an overall bear market. But there's a time to be aggressive and a time to book profits. We've been aggressive, and now we're booking profits.
Also made a big exit in my USD longs. Turned off automated long USD strategies (Was running various aggressive grids, for those who know these strategies). Crypto I'd already made my big exit on trades after a 50% drop. I picked up new positions today and cut them quickly. If the bull moves fail, I'd flip to bear again - but as things stand I've made a 90% exit of bear positions.
My current bear risk is nominal. If shot to ATH I'd lose under 1/10 of banked profits.
I plan to bear higher or lower, but am currently positioned net bull.
Long stocks, crypto and short USD.
I'll post more detailed revisions of trade plans over the coming days. This is just a notification to anyone following - I've made a full swing exit.
I still think we're in an overall bear market. But there's a time to be aggressive and a time to book profits. We've been aggressive, and now we're booking profits.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.