My Previous signal was a bit off. FOMC really brought the market down heavier than I expected. but even before FOMC the markets dropped a lot, so it was a double whammy. If your are still in it I would add on down here after the market breaks this trendline which could happen first thing Monday morning on a Gap up. The market has gone down the remainder of the week (thursday+ friday) and closed on us, if next week closes green this would be a great entry on Monday. Its important that anyone following my signals trades small enough to be able to add on to these trades in events like this. We will have to see what happens next week. Sellers are going to get out at some point. Just a classic DCA until the end of the year can go a long way. Especially if we see new highs in January. A lot of this selling pressure is just because of the news about a recession, FOMC, and the wars in eastern Europe. Some people are still wearing mask, I don't think markets have recovered from the pandemic and these are just sweet prices to go long. It gets confusing to explain, but With all the stock splits that happened in 2022 of major corporations its hard to figure out the true value on theses stocks without a calculator and and retail is a little bit scared and confused. Once we see some positive 10K's rolling in the sentiment will change. The opposite side of the coin here is that If I am wrong, a nuke goes off, and DJI retest 25k-20k , and crypto (BTC) goes south of 15k-10k. Which would be sad. So just make sure you trade small enough to buy lower if that occurs. Thanks for your support everyone. Happy Trading.
