Indexes very close to falling into the Void

The recent uptrend is on a knives edge at the moment. If I were a bull I would have my stops tight because the moment that trendline the indexes have been just holding breaks there will be an impulsive move lower in probably a matter of weeks.

I am looking to go short after the CPI / Fed meeting next week because I think it will cause the last push higher on the bear market rally followed by instant sell pressure.

評論:

The trendline has been broken we are probably due for a "Santa Klaus dead cat bounce" since most people have given up on that idea.

I suspect a backtest of the trendline in the coming week or two followed by another wave lower mid January to the yearly lows or slightly under before another dead cat bounce.