Ok, getting back to basics here guys. Enough with the snark haha... for now.
Leaving my March crash repeat setup here just for comparison, not as an expected path or trend. Volume will still be interesting to follow here. Holding pretty close so far!
This little crash definitely took some pressure off RSI but it's clear we're still well in overbought territory here. Stoch is always more sensitive, in a real crash they'll all go down in unison (see late Feb RSI).
ADX was juiced to pop through ROC and DPO as they crashed down but we got a fakeout. Still prime position for a crash.
DMI hardly fooled by this, still locked and loaded for a crash.
MACD has plenty of downside room, we'll likely get a deeper extension in the red before it goes green again.
This is what They want. Capitulation. Giving up. Ripping money from as many as possible, both bulls and bears. Once most have "given into the Fed" and Bullish Sentiment is back high high, we'll see the next round of dropping. Only that last "crash" will be peanuts to this time.
Fips81
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Doesn't really look like it is going down...rather the opposite....hmmmm
@ProfitHarvest, I've been patient since beginning of May :p
ProfitHarvest
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@Nocturne83, Hey I shorted 20% my portfolio late May lol, now built to about 1/3rd and I'm maxed.
Just a waiting game now... B)
Enamaheren
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good annalise
z3m25
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Unless you have "FED" branded into a boulder and then place that boulder onto your chart, I think us trying to read the charts is a lost cause. I'm 100% right now and will dip into the Long pool tomorrow as I'm sick of getting burned by pump.
ProfitHarvest
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@z3m25, Damn man, you're really gonna hate it then when you get burned on the crash too.
Emotion should never influence your overarching strategy, only data and logic.
Feds power is waning more and more with each passing day and your investment strategy should never depend on the Fed because then it's out of your control.
Depend on data, not the Fed.
z3m25
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@ProfitHarvest, The data suggests that fighting the fed has cost me 50% on the way up. The logic is, don't keep trying the same thing.....