SMOKED SALMON 💨 🍣 AKA BEAR MARKET🐻
Mis à jour
SPX 500 Futures (front month) closes below bottom BB and in a zone with a previous retrace.
extreme low market sentiment, matched with flattening yields in bond market, with DXY reflecting a strong but fundamentally overpriced USD,
coupled with the fact that the market dropping record levels on red days (2-3% dips regularly, with price action showing strong interday reversals on fundamental new releases)
i think we in a bear market......IF.... theres a big ass breakout to the down side from the DAILY BB.
that...to me... would signal that the markets is pricing fear/lack of confidence in strong enough levels to start to cause volatile market conditions ( in this case a big [volatile] drop)
oh yeah and the VIX is 30+ showing that fear is real. but we aint even hit COVID levels of VIX, so no panic? i guess?
if anything i say we inna downtrend
do as you will.
extreme low market sentiment, matched with flattening yields in bond market, with DXY reflecting a strong but fundamentally overpriced USD,
coupled with the fact that the market dropping record levels on red days (2-3% dips regularly, with price action showing strong interday reversals on fundamental new releases)
i think we in a bear market......IF.... theres a big ass breakout to the down side from the DAILY BB.
that...to me... would signal that the markets is pricing fear/lack of confidence in strong enough levels to start to cause volatile market conditions ( in this case a big [volatile] drop)
oh yeah and the VIX is 30+ showing that fear is real. but we aint even hit COVID levels of VIX, so no panic? i guess?
if anything i say we inna downtrend
do as you will.
Note
side bar, this more of a longterm idea.for ☀️daytrading: play that shit day by day
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.