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

VIX ready for take off... - #VIX chart https://t.co/RyzB9BGUUa

— SP500daytrader (@CosTes_trading) August 7, 2020

TVIX ready for take off... - #TVIXF chart https://t.co/7XGrQZEtnb

— SP500daytrader (@CosTes_trading) August 7, 2020

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

Strong correction into full moon 3 - 4 th of August

Watch out below!

Strong correction to SPX 2900 level is expected for next week.

Trade well ;o

MARKETS APPROACHING A MAJOR CYCLE HIGH

Hello traders,

According to Raj times and Cycles we are in for a major cycle high today or tomorrw the 9th of July:

"What's Next: We rally to a July 8-9 major High and start a relatively sharp decline."
http://timeandcycles.blogspot.com/2020/07/july-8-9-is-master-cycle-major-high.html


That seems to be in line with mr. J Tennant bearish expectations for the days to come:

Not very convinced but i'm pretty sure we will close the gap on the daily chart @ 3190 before we consider any correction:

Trading signals & ideas

Trading signals & ideas