as far as the market just selling off now, I'm not sure about
that. I could still see the SPX bounce up and oscillate a bit
higher first. Maybe if that happens the QQQ's lag and form a higher
low while the SPX forms a slightly higher high.
also remember that the moving averages are all pointing straight
up now, when that happens the market just doesn't die, your bigger
selloffs occur when the MA slopes are flatter. So for me if I catch
some shorts, I'll be quick to take initial profits because I know
once a top is in, it's gonna be a process of fit and starts vs just
top and crash. at least that's my thoughts.
GDX now I think that has a high, I've been pretty accurate on
that with my DUST call last week. It too won't go straight
down either, I'd say another shorting opportunity there would be on
a bounce that I think will form a lower high
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ha thx man! I'm just
Matt--I am amazed as to the accuracy of your forecast ...
Posted by matt on 26th of May 2020 at 05:06 pm
ha thx man! I'm just trying my best man.
as far as the market just selling off now, I'm not sure about that. I could still see the SPX bounce up and oscillate a bit higher first. Maybe if that happens the QQQ's lag and form a higher low while the SPX forms a slightly higher high.
also remember that the moving averages are all pointing straight up now, when that happens the market just doesn't die, your bigger selloffs occur when the MA slopes are flatter. So for me if I catch some shorts, I'll be quick to take initial profits because I know once a top is in, it's gonna be a process of fit and starts vs just top and crash. at least that's my thoughts.
GDX now I think that has a high, I've been pretty accurate on that with my DUST call last week. It too won't go straight down either, I'd say another shorting opportunity there would be on a bounce that I think will form a lower high