Ok, so I was going to publish this yesterday, but I didn't. Anyways, the main things I want to point out is that we closed under the first orange line on Friday, which to me poses very bearish activity. Second, it looks like we are going to test the 50 dma again. I drew in the 2008 financial collapse in here too.
There are a lot of reason to be bearish, I could go on and on. I am interested when we will see the yield curve spread go negative. I am short AAPL and SPY at the moment. I was going to buy more 330 puts at the open on Monday. Now, I am just going to get out of everything for a profit and see what I want to do next.
I mean in a down market, we just don't go down, so I want to buy more puts on an up move.
There are a lot of reason to be bearish, I could go on and on. I am interested when we will see the yield curve spread go negative. I am short AAPL and SPY at the moment. I was going to buy more 330 puts at the open on Monday. Now, I am just going to get out of everything for a profit and see what I want to do next.
I mean in a down market, we just don't go down, so I want to buy more puts on an up move.
Comment:
Additionally, if you look at 24 Jan 20', you can see a big move down as well as Dec 02 19' to Dec 03 19' and this length is the same length of my red predicted rectangle that already got filled because we are already at 329 in the futures tonight.