SPX Trend Line Watch Out
Not saying it's gonna crash.
Not saying the bull is over.
Just watch how price take action around the trend line.
We haven't had major correction ever since march crash last year.
Thing could run pretty rapidly when sentiment turns from euphoria into panic.
Be prepared, make your plan like: I'm gonna exist X% of position when price closed below Y.
I am ok to hold Z% long term position even if another march crash happen again.
And be aware of the correlation between stock/metal/crypto.
IF stock pull back hard, it's very likely metal/crypto been dragged down as well.
Not saying the bull is over.
Just watch how price take action around the trend line.
We haven't had major correction ever since march crash last year.
Thing could run pretty rapidly when sentiment turns from euphoria into panic.
Be prepared, make your plan like: I'm gonna exist X% of position when price closed below Y.
I am ok to hold Z% long term position even if another march crash happen again.
And be aware of the correlation between stock/metal/crypto.
IF stock pull back hard, it's very likely metal/crypto been dragged down as well.
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