Correction is coming 2024...but BLACKSWAN in 2026 or 2035?

It's been 5 years since the last time Ive published an SPX idea and also the last time I entered a SHORT POSITION .(Please check my 2019 post)

COVID and OIL Carnage(went to negative price! LOL!) was the BLACKSWAN.

I was staring at my P/L goes UP while watching the world go DOWN and Im thinking to myself. How the fck is this world going to recover? Can the market bounce back? How long before everything goes back to normal?

So I went straight to grocery and yeah I Bought some toilet paper and food coz im not getting out of my place unless If I need to. While being quarantined in our tiny apartment, me and my wife decided to watch the Avenger: Infinity War. And one of my favorite scene was when Thanos killed and destroyed Gamora's planet, gave her a knife and said "Perfectly balanced as all things should be." This MARKET NEEDS a CORRECTION. Exuberance AI stocks NVDA AMD needs to be destroyed.


AS A BULLTARD, My guts is telling me that after this CORRECTION DOWN it will also have a VICIOUS bounce UP to the 5000 area.

Ive started an SPX short position last Friday(1/26/24) and will be patiently waiting for a RED WEEKLY CANDLE to double down just as I DID in 2019. I will cover in tranche when RATE CUT starts.

2024:CORRECTION when RATE CUT starts

2026:BLACKSWAN? Hopefully not

2035: Definitely a BLACKSWAN is coming!!!

Comment:

What a volatile SPX closing Month. Week started with a -80 handles just to close 100 handles end of the week. Let me include META as an exuberance stock and will be my next short trade idea.

I will still be patiently waiting for a RED weekly close to add a short SPX position. This train could be stronger than what everyone expect and if this run over everyone including me, Id rather stay small.

Ducks are quacking...I like the set up...I will stay with my plan.

Advice to new traders:
Staying small and capital preservation is how you last long in this business

Comment:

SPX FUTURE 5000! YAY! Vicious short capitulation ooofffff! My BULLTARD intuition saved me from adding a short position this week.(Jan 28 post)

I'll probably missed the top for an additional short entry but this is a freight train. As planned, I will wait for a RED weekly candle.

IMHO a MARKET CORRECTION is INEVITABLE...
As a BULLTARD im HEDGING heavy as fck!!!

Comment:

SPX 5000 CONFIRMATION!

SHORT TRADE IN PLAY!

SELL BUTTON READY!

Comment:

Finally, First RED WEEKLY CANDLE.

Added a short position today since 1/26/24.

I would love to add more next week but IMHO, BEARS move at the close was a perfect BULLTRAP for a GAP DOWN TUESDAY.

Stay Patient...Stay Nimble...

This market will be named AI BUBBLE in the future... will be shorting SMCI and NVDA next week.

Comment:

NVDA Saved the Market last week! Yay! I finally pulled the trigger to enter a short position in NVDA after its massive rally post earnings. It just blows my mind that this company ranked 11 in GDP which is bigger than Russia, South Korea and Australia. It's vey hard to time a BUBBLE. So just like my SPX plan, I will ONLY add a short position if I see a RED WEEKLY CANDLE on both trades.

STAY SMALL
STAY PATIENT
STAY NIMBLE

Comment:

RED WEEKLY CANDLE CLOSE
Added short position for both NVDA and SPX
This is a FREIGHT TRAIN!!!
STAYING SMALL allowed me to endure this SHORT POSITION while others already CAPITULATED.
As a BULLTARD, my guts and VIX are telling me that the day of RECKONING is upon us. Especially when I see those BULLISH post from The Economist and Barron. LOL! If HISTORY does repeat itself, 2nd-3rd week of MARCH is when BEARS wakes up from hibernation.

As always, STAY SMALL and will only ADD if I see a BLOODY WEEKLY CANDLE CLOSE.

Comment:

Im a simple guys... I see RED WEEKLY CANDLE... I add SHORT SPX. SIZE and Time is on my side so I can hold this and sleep well at night. After 15years I finally pulled the trigger to SELL 75% of my LONG TERM S&P position. Im almost 40y/o now and decided to let go of my BULLTARD EGO and will start my FIRST EVER TLT BOND POSITION next week.

Closed half of my NVDA SHORT and Started a LONG TSLA POSITION. Too many negativity and fear showing up in the media lately and I smell bear trap.

GOLD, OIL and VIX spiked this week and I totally missed it. :(! Ive been working night shift in a hospital setting for decades and I'm totally convinced now that FULL MOON makes older patients confused LOL! MONDAY's ECLIPSE would affect those boomers brains(jk!) and their decisions so my bias is that BOOMER BOND MARKET will show up their cards on CPI next week.

If you're reading this, just be mindful and grateful that other people don't have the opportunity to make or lose money by just clicking buttons like you do.

Comment:

AI BUBBLE BURST FINALLY! I will cover all my NVDA short next week.
Nibbling TLT sub 90's before it catch a BID.
I will ONLY start COVERING my SPX SHORT when the FED starts CUTTING RATES.
That's the trade folks!!! See yah again on the FIRST RATE CUT and who knows when.