Shanghai Stock Exchange Index at a possible inflection point on monthly chart (with a 1/2 month to go):-
%% WE CAN'T really blame them for the sell off; but they are a striking accidental ad against big gov...................................................[Edit + in the event of a SEC fee increase on SPXU, or sqqq i would trade them less ,most likely so they get less money/thats the way big taxes work=counterproductive/stupid]
SPX dropped 0.7% today ( on monthly option expiry ). I looked back a month it's roughly up 2% since then. That's just not a meaningful move when there is plenty of action elsewhere.
%% That looks like my chart; except i sold my spy longs later+ got in again spxu today.LOL Strangely i've averaged wearing a mask a bit more in JAN/but that's cold weather. Avoided the way overpriced CA+ DC real estate market. Younger traders wonder how in the %%!! SPY could not have a bad bear market + some sector etfs have a good uptrend trend, with DC in a civil war. Thats an easy one / talking snake media does not control the stock market + had a good uptrend with gov shut down. NOT a prediction. Besides, Delaware is super strong on business inc............; + that would be nonsense to blame a MARCH sell off on mr Biden.
Ok lol it's not a significant drop yet, I'm still using 3550 major support level..... but so far I did call the exact top of the market at the exact day in history. Unless it goes up.... #legendary top call January 9th 2021 If by some chance my top call is the all time high you can applaud if you want Hey my inverses are up a bit ah SQQQ TZA UVXY and as forecasted TSLA down. I'm long inverses into the weekend.
If the index shuts down forever with your call being the highest it would ever have reached, I will applaud it. Until then, you called a temporary top. See every top in history before that one.
Just keep some powder dry. Once stimulus checks pass it will cause another bull market for a bit. Then covid numbers should improve, unemployment will improve, and buying will be similar to post war time. I’ll keep buying. And by the way, if you sell, 15%+ will go to taxes lol. Hold and buy on red days.