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Friday, August 7, 2020

Some charts to justify why I'm bearish

Hello traders,

I prefer the bullish side of trading as it is much easier to time market bottoms than market tops. 
We have now reached a price level where I cannot just ignore what charts are foretelling. 

I think we are inn for a second leg down of this recent correction (wave C) and that this should start today or by Monday. This could be a quick correction that ends by this month of August.

Please comment below your view and ideas...
Trade well ;o









 Lots of MEJT targets below, waiting to be filled... lowest at 2768.30 SPX:



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1 comment:

Matt C said...

Interesting. I think the VIX is too low right now, given the conditions.

August 8, 2020 at 3:25 PM

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