Markets are pretty spicy right now.
Lots of investors and traders at large institutions think that prices are "too frothy" and that a massive sell-off is inevitable. From a fundamental analysis perspective, I agree - but does that mean I'm going to short the S&P500 in the long term? Fuck no!
SPY is currently hovering at the top line of a VERY strong bullish trend. I think some natural retracement/sell off will occur, but all I see is a wonderful Long opportunity. I've never been a fan of using the SMI to short SPY. Just by looking at historical data on the chart I provided, you can see several instances were the SMI shows signs of potential bearish momentum, but SPY continues to hustle. Best advice: go with the trend and don't try to fight against it. Stick to the charts always.
Will update if I do see a crispy moment to enter a long position. For now, I'm sitting on my hands.
Happy trading!
Lots of investors and traders at large institutions think that prices are "too frothy" and that a massive sell-off is inevitable. From a fundamental analysis perspective, I agree - but does that mean I'm going to short the S&P500 in the long term? Fuck no!
SPY is currently hovering at the top line of a VERY strong bullish trend. I think some natural retracement/sell off will occur, but all I see is a wonderful Long opportunity. I've never been a fan of using the SMI to short SPY. Just by looking at historical data on the chart I provided, you can see several instances were the SMI shows signs of potential bearish momentum, but SPY continues to hustle. Best advice: go with the trend and don't try to fight against it. Stick to the charts always.
Will update if I do see a crispy moment to enter a long position. For now, I'm sitting on my hands.
Happy trading!
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.
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.