$SPY Pullback, Correction… or Crash?
I break down how the market behaves in each of these scenarios and more importantly, which one we’re actually in right now.
Most people are guessing. I’m following a clear path based on price action and structure.
Right now I’m 100% cash, waiting for the setup that gives the best risk/reward instead of getting chopped up in these swings.
The goal isn’t to be active it’s to be positioned when the real opportunity shows up.
Money managers using futures have been less bullish on gold for only a couple of weeks in 12 years, those being at the end of December 2015. Gold rallied about 30% over the next 6 months. $GLD