Is uptrend for SP500 over

Keep careful eye on VIX and S&P relative to 100/200sma

I'm heavily buying inverses if we stay sub 100SMA for >3days moving forward

 

Being short here is aggressive but I don't say its a wrong tactical decision. Depends on your time horizon for trends and for trend-following positions.
But how is the channel constructed?

 

let’s see how it plays out.

 

So far so good

 

It's now official. Not only the uptrend is over, but a new downtrend is confirmed as it went down 4300's. My first target is the band of 4234-4245. I'll reverse my shorts (open at @4437) to long with a stop of 4230

https://www.tradingview.com/x/tKxrIKFo/

 

I'm long inverses UVXY TZA SQQQ SOXS FAZ etc and will continue scaling in

 

It has broken the rising trend line a few days ago.


How low will it go?
No idea.

 

sp failed to bounce off 50sma, will be interesting to see if stays sub 100sma 4350 next week

strong sell signal if it gets & stays <4150 sma

 

Put the volume back and ditch the meaningless squigglies.

 

This is the part where markets crash

#gobears