Posted 22 September 2022 - 05:00 AM
As far as spooz are concerned, they will make new lows and probably get to 3400 level at some point, but the decline can potentially get worse due to unpredictable situation in Europe and potential defaults of small countries.
This slow zig zag decline this year may be much more damaging longer term then we think.
But oh my God this is tradable. Vol is high and moving. Sectors are quite predictable.
Enjoy this environment as a trader. Dont get stuck on bull / bear bull sheet.
Slow is not good in bear markets. We are not going to get a crash.
Posted 22 September 2022 - 07:55 AM
I've been saying it since January and the likely end will be down almost -50% but it'll take a long time to get there, maybe 2 years I believe but it falls on deaf ears as one little sell off always brings out the crash talk, "if the blah blah does this......" Grind has been my key word all year and so far that's what we've been seeing!!