Short

Are the bears going to show us some love?

Updated

█ It's pretty cut and dry here folks, the dominant trend is bearish it's just a matter of time before things start ripping to the downside again.

█ Although it's important to note that just because the index is bearish doesn't mean every company in the index or rest of the market is also bearish, with that said I think there are other companies that can be used to hedge against a short trade (one of them is Robinhood: buy HOOD long to hedge against selling SPY short).

█ The drawings and algorithms on the chart are fairly self explanatory, if you need help interpreting it please leave a comment below.

█ Thank you for reading.

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My candor backing up my undocumented thesis above: the USA economy is a piece of junk that has never been able to store a surplus of cash within its bank vaults. The debt ceiling has continued to climb higher, inflation has increased at an exponential rate over the last 75 years, and American ingenuity is getting outsmarted by the intelligence of non English speaking nations like China and India (forcing us to outsource a large portion of our work to them). The bottom line is the fact that our industry is economically managed in such a fashion that we're always behind the 8-ball. How can you even go to church and make a donation if the dollar your donating hasn't been worked for yet? We're all out on loans, respectively how high is the Index truly going to go?

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Personally I keep struggling to get along with SPY, my candor and rhetoric probably explain the reason. Hopefully I can figure out the right way to approach the situation before making my next trade.

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Making a lot of money is quite literally difficult, hard, and near impossible because there isn't a surplus of money stored any place in the entire world.

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█ Highlight: How can you even go to church and make a donation if the dollar you're donating hasn't been worked for yet?

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Day 1) Left out in the cold.

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Day 2) Still not getting through.

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Day 2) Robinhood was a good hedge, I reiterate the idea to buy & hold it.

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A link to my analysis on Robinhood:

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Day 3) Interest rates will be hiked again today, shouldn't the market be selling short.
cnbc.com/2022/12/13/fed-expected-rate-hikes-fight-inflation.html

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Inflation isn't close to truly being under control, just check the price of your Coca Cola and you'll know.

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Day 3) I reiterate for SPY: sell short and hold.

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Day 3) following the interest rate decision.

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Inefficient market place: I think it happened too quick for anyone watching to enter and exit with a profit, but I'm sure "the shot was heard around the world".

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I'm still not getting along with the market, it's such a piece of crap!

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Wall Street expects 350+ million people to get in on the trade within a matter of 5 minutes. Please.

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Day 3) frustrating to see folks aren't hedging with Robinhood or even buying long, they're treating it the same as the index.

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Talk about making a bad situation worse, wow that's hostile.

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"Suuurree, I'll place a trade on Wall St.... 💩not"

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Day 4) Robinhood should be sailing higher but it looks like the S&P-500, I don't think that will last very long because the trends are completely different.

Selling SPY short finally started to deliver a return on equity, but since my entry timing was utter blasphemy I'm going to sit it out all together; maybe even think about getting a day job or writing a sign on some card board and panhandling at the intersection. 🤖My wires are completely severed.

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"Honestly I'm drooling over the idea of overweight buying Robinhood at the undervalued price of $8.70, but if it doesn't break free from the S&P-500 then it isn't truly free to chart itself and becomes much less interesting to me."

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"Maybe I'll clear my head and scalp trade a few option plays on SPY, we'll see. Ahhh this sucks I'd much rather not gamble my only shot away on excitement, impatience, or anxiety."

█ Remember: at the end of the day it's always safer to hold cash then enter the market with bad wiring 🤖.

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Day 5) the question on most folks mind is: will their be a pull back, and if there is can I enter a bearish position for a bearish continuation. I believe the answer is "yes" if a pull back occurs after the weekend there will be more downside to follow.

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Over the weekend it seems as though the biggest thing in the news was the FTX proceeding, leaving me to believe the market will continue to open with bearish sentiment on Monday. cnbc.com/2022/12/18/how-sam-bankman-fried-ran-8-billion-fraud-government-prosecutors.html

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Day 6) the market opened and remained bearish. There's still a bit of turmoil in the news to help sustain the bearish sentiment: FTX fraudulent legal proceedings, Elon Musk's Twitter legislation, and the ongoing defense battle against Russia. I'm reluctant to assume tomorrow will be any different than today. With that said, the idea of a bullish pullback maybe more complicated than a cut and dry paint job rolled onto the chart.

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Day 7) they struggled all day to start pulling back. Hopefully it will but I'd like to highlight the risk of another sudden drop to anyone feeling anxiously bullish in the morning. I'm simply stating the risk is present and to be aware of it.

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Day 8) the market started to pullback.

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I believe I will conclude my updates here, good luck folks and Merry Christmas.

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🦌🦌🦌🦌🛷🎅🤶🧑‍🎄 🎁 🎄

UnknownUnicorn28743597

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