$SPY... (BEARISH!?)

7 нояб. 2019 г.

I gotta admit gang, I didn't see this market lasting as long as it has up here and even pushing up these marginal new highs day after day... Nonetheless, we still believe that the major move is still to the down side. As of right now, we're staying neutral on our position waiting for the next objective short entry, older short positions have been burned for the most part. We're still seeing poor fundamentals, a trade deal that's yet to be signed (but has promise I guess), the VIX-x at extreme low levels, lack of volume, insiders selling and the sharpening/rising of the yield curve (which for whatever reason is a good thing? despite previous instance showing otherwise). Anyways gang, when something changes...

***Let's talk about it... ***