Since Feb 18, i gave plans to:
1/Short 6130 to 5920.
2/Short 5920 to 5750.
3/Short 5800 to 5750.
4/Long 5750 to 5780.
5/Short 5755 to 5675.
6/Long 5675 till now (5770).
FYI, I will not update my plans from here.
Thanks and best regards,
8.1 And the most interesting part is, if that was THE bottom, then we could have another ATH. Crazy, huh? But one thing at a time, let the market shows its hands first, by proving that was the final low. Bullish. $DJI $SPX $NDX $RUT
7.1 That was something. I was wrong, when the market does not respect its support, then it is not a normal event. Blame tarriff or China or whatever, i do not know. So back to my first thesis, downtrend is still here. $spx $dji $ndx $rut
7. Perhaps we just witness the worst. 5390s could be the bottom zone here. We have one more support at 5260s but bears, don't be too greedy. $SPX $DJI $NDX $RUT
Nasdaq update: nothing's changed much. It takes time to resolve everything, although we had a rally that everyone predicted. Still downtrend, in my opinion. If lucky, we could have price kiss the red channel one more time. Until then, handle with care. $SPX $NDX $DJI
5.2 I do not like the sentiment here, either. Reason: so many bottom fishers. Sure a relief rally could happen any time, but it will not be the final bottom yet, i think. $SPX
5. Nasdaq: it is hard to be a bull here. Sure it can go up, even straight to ATH, but is has to show me its hands first. Trend is down now and it takes time to solve this, in my opinion. $NDX $SPX