From epic bearish sentiment to epic bullish sentiment.
See related idea.
waiting to exit longs when there will 90% bulls in S&P or 25-12-2016 or 2300 ;)
See related idea.
waiting to exit longs when there will 90% bulls in S&P or 25-12-2016 or 2300 ;)
Note
Strong weekly close despite a lot of fear still here in the market. Gold down, Oil down, DXY up (currency wars), running out of one currency into another.
Small traders are short. so market opened with short and closed with short, but the BEAR is WEEK. They couldn't even break 2150 even if they had all chances to do it.
The best tactics here is to buy the dip and sell it on bounce back up (ofcourse with having the long term stocks that you hold).
This week gives us the opportunity to make the new high next week. If it happens - we'll see the strongest rally. I'm not saying it is going to happen next week or in this month. but currently the set up is totally BUY.
Note
all positions closed. waiting for dips.Note
Christmas rally it is! I totally missed the market on vacation. Watching this silently.Note
S&P makes new high again! and again! and again!Note
we almost hit 2300.. but bull amount is not very high yet.Thats a democrates short covering ;) They hate Trump and shorting the market.
Market shows them that they are not right here.
Note
we had the 76% bulls in line. So it seems that we should shake some.it may be like it is showed in the main chart: 3-4 legs down and buy the dip thing.
or it may be only one leg, like this:
Note
What can I say. Many of us couldn't believe in 2350 just a few months ago ;)But we are here now. I'm closing the long positions for now, just to wait for the next move.
p.s. the joke chart went well here:
Trade closed: target reached
That did work out too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.