29th August 2022
➤ Prices resolved in a catastrophic failure for the Bulls. The expected re-test higher ended abruptly. The huge sell-off comes after Fed voweled to fight inflation and crush it back to 2%. IMO, this can only mean they see inflation is "sticky" and has already seeped into the psyche of market participants. If not addressed, this will set in a period of stagflation.
➤ I moved to -40% exposure with shorts on DAX and UK100. This is a low exposure. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Unfortunately, prices moved aggressively downward just like in June before I was able to be positioned appropriately. I will not be chasing this move as the risk/return will not be in my favour.
➤ For the Bulls, it could be argued we are still in a wave 4 corrective move in Elliott Wave terms. This will be negated if the sell-off continues.
➤ Conclusion: Bears have control, can they push their advantage?
➤ Prices resolved in a catastrophic failure for the Bulls. The expected re-test higher ended abruptly. The huge sell-off comes after Fed voweled to fight inflation and crush it back to 2%. IMO, this can only mean they see inflation is "sticky" and has already seeped into the psyche of market participants. If not addressed, this will set in a period of stagflation.
➤ I moved to -40% exposure with shorts on DAX and UK100. This is a low exposure. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Unfortunately, prices moved aggressively downward just like in June before I was able to be positioned appropriately. I will not be chasing this move as the risk/return will not be in my favour.
➤ For the Bulls, it could be argued we are still in a wave 4 corrective move in Elliott Wave terms. This will be negated if the sell-off continues.
➤ Conclusion: Bears have control, can they push their advantage?
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.