Pausing
➤ S&P500 sold-off on Friday. This can be attributed to poor data out of Europe and also profit-taking prior to weekend (about time!)
➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction.
➤ Friday price action saved our shorts from being stopped out. It was a close shave. At the moment, I only see this as a pause in the bull-run. Prices are "trapped" in the pink zone of indecision. There are defined resistance and support lines. The zone is narrow. Prices can still easily move up. I need to see a big move in the VIX to the upside to instil confidence that the Bears have taken control.
➤ Conclusion: Price moving below the pink zone should see Bulls lose confidence.
➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction.
➤ Friday price action saved our shorts from being stopped out. It was a close shave. At the moment, I only see this as a pause in the bull-run. Prices are "trapped" in the pink zone of indecision. There are defined resistance and support lines. The zone is narrow. Prices can still easily move up. I need to see a big move in the VIX to the upside to instil confidence that the Bears have taken control.
➤ Conclusion: Price moving below the pink zone should see Bulls lose confidence.
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.