In this video we look at today’s crash, as the reversal was relatively predictable. We go over our trades on the S&P or SPY, and our outlook for the market moving foward. We also look at the VIX chart and the XLF chart. We believe that the market’s downtrend will continue, and you should look to go short on consolidation bounces. Fibonacci retracements (even intraday ones) might be key to entering a short position.
i anticipated this move by 1. overbought 2. typical end of month rally 3. predictable start of month sell-off. im expecting the same next month and again until this bear market bites it. the bad news may keep coming for years.