What I can see playing out in the next few weeks DOWN TREND
As we know we have been in a down trend. Ended the year and started new year with a bang and than literally a BANG!
First few weeks of the year had some people shook. It has been in a down trend since and continues down its channel pretty clean. not perfect
I think we need to fill that 400 gap before we see highs again.
With inflation, war and everything going on most of it is priced in but it could still get crazy.
I am not a finical advisor I'm just guessing this is what will happen.
The last few weeks has been very good (short side) Some people only play one side ( i my self at a time did as well and lost out big because of it! )
I don't think were in full fledge bear mode and not "crashing" yet atleast...
When spy is in the low 300s ill say ok we crashed! Anyways Safe trading people! Super volatile :)
First few weeks of the year had some people shook. It has been in a down trend since and continues down its channel pretty clean. not perfect
I think we need to fill that 400 gap before we see highs again.
With inflation, war and everything going on most of it is priced in but it could still get crazy.
I am not a finical advisor I'm just guessing this is what will happen.
The last few weeks has been very good (short side) Some people only play one side ( i my self at a time did as well and lost out big because of it! )
I don't think were in full fledge bear mode and not "crashing" yet atleast...
When spy is in the low 300s ill say ok we crashed! Anyways Safe trading people! Super volatile :)