Unless there's a monster rally in the next 10 minutes, you should go ahead with our plans and expand your short positions. Volume picked up as $104 (SPY) was broken. Most of the divergences deteriorated into confirmation. This is the analysis we've been planning for months, this is what we have been waiting for. I think you can move forward and load up the rest of the shorts. Make sure you do not go into a portfolio leveraged situation and have at least 25% in cash.
I'll update tonight, but this is what we have been waiting for... GO!
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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