The Great Financial Wall Stands Strong

숏

SPDR Select Sector Fund - Financial (AMEX:XLF)

업데이트됨

AMEX:XLF SPDR Select Sector Fund - Financial

The Great Financial Wall that I posted about last time has withstood 6 weeks of bullish onslaught and held. Daily MACD has turned negative and, with respect to fractal intervals, I believe the bears that have survived and remain on the wall are about to fire back. Completely exposed and with little ammunition left, I'm afraid the overly confident bulls will high tail from the wall as fast as possible or risk being slaughtered.

Going short. If you don't know what you are doing, stay out and safe. Good luck friends.

코멘트:

The bear retaliation begins exactly on schedule. Bulls will try to counter the first waves which should last up to 3 weeks, but shall eventually fail.

I am short XBI, XLE, IWM, XLF.

코멘트:

Jan 23: Bulls hold up
Jan 24: Bears win first round

코멘트:

Jan 27: Bulls begin to high tail from the wall in a panic. Bears give zero ground the entire day.

코멘트:

Jan 28: Bulls put up a counter attack and inch back toward the wall.

코멘트:

Jan 31: After a few days of fighting, the bears achieve their first decisive weekly victory, smashing the bulls' multiple counterattacks, aided by the fire of the VIX Phoenix as it rises to the sky for the first time since Feb 2018. The bears now have control of the wall *and* the Phoenix.