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.

It really is that way, LOL, is the "collective conscience" picking all the little clues and properly analyzing it?

Options are "fun" but if you have enough assets that you don't have to pay for leverage....then why pay for leverage?   I would like to sell options, LOL, for "income" but don't have the time to put into that right now.

My June (M) ES long is looking good, I will close it out near the down channel top.

Yes I love the indicator type charts.

Matt, I took the contrarian approach and went long into the weekend, although I did not take the long Thursday.    I bought the /ES June....is that smart because of upcoming rollover third Friday of March?

Matt, where can I  find your dividend spreadsheet