SPX This could get wild

16 авг. 2023 г.

I remain committed to my top in a few years, but boy do we not know how this thing will go. It's getting thin on volume up here and slippage is always possible. I could totally see a COVID like slip and fast bounce to my targets, That would be one hell of a historic bull buy on that falling knife. I don't like that we burst through the second to last red bear fib line I have and didn't retest it. This means we're bullish, but technical weakness may suggest Burry and Buffet are right and we'll get a fast correction into end of year with a very hard reversal. Maybe the FED will have to save the day again and say they are going on a long pause due to the crash. It will be a fake out. But I would prefer to get out of my positions on a short squeeze now rather than another 6 months of this crap. I'm a scalper, so the volatility is great, but I still have an IRA. lol.

16 авг. 2023 г.

Заметка

I should also mention that all the small caps like Rivian have no were else to go really. They've reached far price. If we did have a dip like this it would absolutely be shorts manipulating things and the turn would come. I'm still 75% this month gets to the next red line vs going down.