%% Bear\downtrending markets have no support line$ \good downtrend; bull markets have no resistance\good general guide, beats almost all attempts @ prediction. Good question. El Paso is a line in the sand, crooked like a Rio Grand\\
200 week, according to Bloomberg.... Although Bloomberg is mass knowledge, it can help with basic questions like this. Not gospel or really action-able by itself but provides a framework-starting point for developing a plan. https://www.bloomberg.com/news/arti...f-how-far-bear-market-will-go?srnd=markets-vp
I been selling Index futures/hedged past 4.5 years, I over hedge so losing trades System comes out profitable when underlying Stop loses hit. Always seeking the plunge/blastoff on long term commodities. Have to wait till under 2000 on ES, so am loving it. Am short many markets, going to be one of my best years. I live part time in El Paso, so what about it?
You will be dead soon! And its not about Markets. Regardless, and since you brought it up ............ you can say you are short all markets correctly but anybody and everybody else here can say the exact same thing. I IT HAS ZERO VALUE Do me a favor and go to my new thread and participate. Do it fast as we might not have enought time to live in peace. Let's at least get this mystery solved once and for all and see WHO at ET is NOT swimming naked when the tide ...........
When it`s in a downtrend, there is NO support. It's all the way down to HELL!!! So technically HELL is the support, in a way.