The equity market had a bullish run today with a strong number on job number and positive comment from Fed Chairman. The positive sentiment is already baked into the market and sign of weakness is showing in technical analysis. Based on the Technical Analysis, the market is expected to continue the bear market trend and retest 2016 high. The GenXInvesting strategy has a short position open since October 2018 and will take some profit on Q1.
Happy Trading
GWK
Happy Trading
GWK
Comment:
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Trade active:
GenXInvesting has entered into a short position in the market with reverse ETF SDS, SPXU.
Comment:
Definitely wrong on the Elliott Wave Analysis, I have posted updated outlook which is still bearish sentiment given the fundamental and technical