I have two factors during a slide that i use to determine if it has legs. One is a move from Bitcoin that confirms SPX drop and the other is a person that consistently sees what he wants and it usually is GREEN especially right before a big turn. To this day I can't comprehend how sure a person can be during a tsunami coming from China. You would think as an investor you would alter your strategy when something like a pandemic passed your by.
Re: uplata post# 27531 Thursday, February 16, 2023 10:00:24 AM Post# 27534 of 27542 sideways then down but things are not as bearish as you would think shane s fed juice guy says fed is qt again short term follow lqd repo, jnk bonds to see if money flow leaving
20da ma dead head pajama traders sold and RTH is buying so far https://schrts.co/chVeURhh ========================================================================================================
What I look for going forward. Perhaps i am obsessed with a crash scenario but here is how i see this unfold. Tomorrow is a big day for me. Make or break. I have to see a drop double what we experienced today by the close. Any other scenario puts my crash possibility in deep dodo. It can drop next week but not a crash IMO. I ONLY bet for a big slide since October. For me tomorrow determines if the street is ready for a crash. Need to see weakness thru the day and no mid-day huge bounce to offset late day drop.
I marvel at the ability to change narratives or refuse to connect the dots. In all instances I can only see a bad path dead ahead.