Thank you for taking the time to read my idea.
Today we have the ultimate short setup and huge potential.
Yesterday we spoke about waiting for a close below the red line for confirmation.
This is as clear as a bell to enter as you get...your stop is a close above todays high.
High probability of follow through action.
The coming plunges will be very violent like March.
A rush to the exits as fresh memories return.
Bearish inter market divergences are evident as are advance/decline indications.
There is no economic recovery...just a FED induced high.
This wave C down should eventually collapse towards 10K minimum.
Today we have the ultimate short setup and huge potential.
Yesterday we spoke about waiting for a close below the red line for confirmation.
This is as clear as a bell to enter as you get...your stop is a close above todays high.
High probability of follow through action.
The coming plunges will be very violent like March.
A rush to the exits as fresh memories return.
Bearish inter market divergences are evident as are advance/decline indications.
There is no economic recovery...just a FED induced high.
This wave C down should eventually collapse towards 10K minimum.
Komen:
Closed half position.