Very BEARish on the S&P right now, and really all major indexes, especially the Russell and Nasdaq, but I mainly play the S&P through the VIX by buying leveraged VIX ETF's like TVIX which gives you 2x.
If we break 2890, we're going down to 2740 next to finish the bearflag measured by the vertical yellow line.
(note: I'm in hard bear mode and do hold a bearish bias to these markets right now. I friendly invite any opposition to try and convince me that we are not in a market correction and ultimately going down to 2,000)
If we break 2890, we're going down to 2740 next to finish the bearflag measured by the vertical yellow line.
(note: I'm in hard bear mode and do hold a bearish bias to these markets right now. I friendly invite any opposition to try and convince me that we are not in a market correction and ultimately going down to 2,000)
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This is the bigger picture, and long term outlook in my opinion.