THE HUNT FOR "A" BOTTOM?
ที่อัปเดต:
Are you hunting for a bottom in stocks? Were you bullish 6 months ago but have now turned bearish? Are your trading decisions influenced by your feelings and 'current events'? There is a tremendous amount of information written right here on the charts if you know how to look for it. I will help you to see this. The best advice I can give is this: Do not make trading decisions based on what you think "should" be. Do not allow your anger and emotions into this game. You are not going to change the trend. Do not tie "news" to "price". The market is way ahead of what you believe is 'news'.
I will not play the game of "I told you so" but if you follow my TradingView ideas I shared several warnings for a few months about what I was seeing and it looked concerning. So for me personally, whatever dark and terrible news I have bombarding me from any electronic device is actually good news for my trading. It's not wise to trade strictly against sentiment because sentiment and price often move together for a while. But it is useful as an indicator. The put:call ratio is such an example.. as seen on this chart.
Also observe the rate of change at the top. It can serve as a clue as to when we are about to see a very big move within a short period of time. We are at such a place where it looks like it has the potential to bounce. This could actually be very bearish or very bullish. But price is likely about to make a series of large moves in both directions.
It is my opinion that we are at or very near "A" bottom of some kind. But don't misinterpret what I'm saying. Firstly, I am saying "A" bottom of some kind. It could be medium-short term. Secondly, when I say at or near I am referring to time. So maybe now.. this week or next. I don't know. But price can move severely within that time period. Using the Fibonacci retracement levels, I see a few key levels in the S&P 500. Watch the .786. Watch the .618. Watch this zone at 0.5. My original target for a correction were the two horizontal lines at about 3200-3600. Price is within my crosshairs now.
Where and when you buy is important but also HOW you buy. You do not want to chase the falling knife and back yourself into a corner where you are desperate and pressed. Yes I have been there. In my experience it is best to ease into positions that you have a lot of good evidence for. Slowly.. easily.. carefully. If you like options, consider giving yourself a LOT more time to build into a position and also consider how severely options decay. It's not unwise to go out a year or more on expirations so you're not trapped on the very steep decay. Those are just a few tips I can share.
Stay tuned because I will be posting more information here about current market conditions and potential pivots.
I posted this in December to demonstrate some early warnings for what is currently happening.
I will not play the game of "I told you so" but if you follow my TradingView ideas I shared several warnings for a few months about what I was seeing and it looked concerning. So for me personally, whatever dark and terrible news I have bombarding me from any electronic device is actually good news for my trading. It's not wise to trade strictly against sentiment because sentiment and price often move together for a while. But it is useful as an indicator. The put:call ratio is such an example.. as seen on this chart.
Also observe the rate of change at the top. It can serve as a clue as to when we are about to see a very big move within a short period of time. We are at such a place where it looks like it has the potential to bounce. This could actually be very bearish or very bullish. But price is likely about to make a series of large moves in both directions.
It is my opinion that we are at or very near "A" bottom of some kind. But don't misinterpret what I'm saying. Firstly, I am saying "A" bottom of some kind. It could be medium-short term. Secondly, when I say at or near I am referring to time. So maybe now.. this week or next. I don't know. But price can move severely within that time period. Using the Fibonacci retracement levels, I see a few key levels in the S&P 500. Watch the .786. Watch the .618. Watch this zone at 0.5. My original target for a correction were the two horizontal lines at about 3200-3600. Price is within my crosshairs now.
Where and when you buy is important but also HOW you buy. You do not want to chase the falling knife and back yourself into a corner where you are desperate and pressed. Yes I have been there. In my experience it is best to ease into positions that you have a lot of good evidence for. Slowly.. easily.. carefully. If you like options, consider giving yourself a LOT more time to build into a position and also consider how severely options decay. It's not unwise to go out a year or more on expirations so you're not trapped on the very steep decay. Those are just a few tips I can share.
Stay tuned because I will be posting more information here about current market conditions and potential pivots.
I posted this in December to demonstrate some early warnings for what is currently happening.
บันทึกช่วยจำ
Watching my early warning indicator. You can see the negative cross and downtrend it began well in advance of market correction. It can also help give clues as to about when the market will respond positively. There is a trend here and it has the potential to turn in this zone but I cannot say exactly where the index will reach to:บันทึกช่วยจำ
The VIX speaks. It's been compressing and shows the potential for large moves. It can happen quickly. What I'd like to see is a sharp spike up as market bottoms and maybe we rally until November. Speculating.. บันทึกช่วยจำ
Note the put:call trend
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