Both the nasdaq and s&p broke below the 50 dma on good volume. The dow broke below both the 50 and 200 dma. The market double topped and in some cases triple topped. We are going much lower. The technicals are breaking down hard. This is how it starts. We will get some bs press releases about how trade talks are improving but it will be bs.
Aug 29th 2018, April 29th 2019 and May 3 2019? That's the long-term triple I see. Just take out 2018 for the shorter-term double.
I am not trying to predict a major market correction or what the market will do by next earnings season. I trade options (have a particular trading stock) and am predicting that in on the close Wed and out by 11:30 AM Friday has promise....ceteris paribus My method works by being in the zone. You get in the zone by being right several times in a row before pulling the trigger.
It is impossible for us to follow without knowing what the stock is or if you are even long or short. It might be bitcoin or gold, or something random.
Long on Wed at the close. It is a stock. Not bit or AU. Should work for just about any stock. However, some stocks have more delta than others. Contingent upon Tues and Wed being down.
I am going to tell you something that is rather amazing. I can predict date and usually time, but I am never correct about the why. It is always something I did not consider. Let's see what happens.
and I am going to tell you something ... I can't predict where market is going. I am not going to predict where market is going. I am unable to predict where market is going. and I don't want to predict where market is going. Because the more we try to predict, the more $$$ we lose. Just focus on the chart, and focus on the present moment, and live moment by moment. Don't think about the past. Don't predict the future. Focus on the present moment. Focus on the NOW, and live moment by moment. Amitaba. Peace be with you. Or whatever.