- Inflation is still high (check) - Rates keep increasing. (check) - bear market rally (check)
Keep shorts, reduce leverage, and short every spike. The first target of 12.000 ish is soon to print. Next would be a bear market rally, then we are vomiting again.
If you look at what happened at NASDAQ nordic, we got a flash crash because one market participant accidentally sold all positions at once. It reversed back quickly, but it gave an indication of what is about to come. This means that market participants are selling positions quietly, but accidentally revealing themselves.
I take this as a clear indication of market participants positioning themselves to reduce their holdings, while retail buys up.
Point blank truth, don't buy the dip. With each dip stock prices fall more and more. 52 week lows keep getting lower. Agree with shorts and leverage shorts at peak. Projected correction from before COVID to now lands Nasdaq at about 1200. Factor in poor economy, inflation, looming recession, ongoing war costing billions, expecting a market crash is not an understatement.