Yep, they hate when retail traders can profit on the downside.....

Great question, I am almost ready to double down, I missed the first short entry, so that was luck and dumb, but busy, moving to Wisconsin, until Winter LOL.   What I see.....

There are only 10 and 9 examples of trades in V1 and V2 since 1995, but they have been all winners.    I rarely take a short position, but I am doubling down on this one. 

That's a powerful chart, think of the tens of millions in their 60's, needing their retirement accounts to double or triple, but instead they get pushed into their late 70's or 80's with no gain.    And we had the inverted yield curve record, which always proceeds a recession.    On a financial poll, only 2% expected recession by 2027, 96% expected no recession. 

That is foolishly bullish in my view.

They say there are no old bold traders, perhaps true.   When I was younger, I loved the idea of "being short" along with Tim Knight....the short positions moved fast when you were right.   But swimming upstream as your MO is not smart.   I've posted this chart trendlines a few times....but with the final wedge, I took  an ES short, it's 50 times leverage, about $330,000 notional position, quite a lot.

Comments?

I am predicting a "substantial" move down in SPY, I mean 3 or 4 %, and will drag many tickers with it.   Repeated attempts to get through the former trendline is not a sign that it has weakened the line, but a sign that it is a strong line.

XLU beaten down lately, but now a perfect backtest of the old channel.   I have some profit from a much earlier buy, time to set a tight stop methinks?

Any comments?

I intended to buy that and then got busy on business!

LOL Modified Cup and Handle with a Artemis 2 finale

Very seldom do 6 fire off at the same time, usually its one or two, and usually just 1 or 2 entries, sometimes 3.     Number 2 and 3 are "painful entries" as you are already in a losing position from number 1.    So think about it differently. 

179 a few years back, now 52.    Amazing what even organizations will do to support a belief system

Although a drop to the 38 Fib which also equals the prior highs, is in the cards too.

So this may be the near term bottom

EFA looks ABC corrected down, and that clean bounce off the 200 looks very supportive, comments?

Lots of fear mongering last few days about how emerging markets are getting crushed....when the chart says....bullish, and the talking head are promoting fear....well 2 stars line up.