SPY SPX SP-500 In sell zone - Time to release the fighter jets!
The rally from Dec lows looks to be about finished now. The large purple CYPHER pattern and the blue DEEP CRAB pattern have been completed this morning. at the 271 zone. If the market has one more bump up in it (Monday?) I will expect the fighter jets (red) to shoot down this market. The easy flying "Blue bird" jet (upward rally) is not paying attention to what is about to hit!
Although I use silly "Old Fart" logic and stories to illustrate this, I am serious about the market is in a dangerous position now.
I have lots of March puts. I DO put my money where my mouth is!
Keeping it real here- I am bearish the market and I am biased :)
Silly Old Fart...
Back to my nursing home I must go now...
Although I use silly "Old Fart" logic and stories to illustrate this, I am serious about the market is in a dangerous position now.
I have lots of March puts. I DO put my money where my mouth is!
Keeping it real here- I am bearish the market and I am biased :)
Silly Old Fart...
Back to my nursing home I must go now...