Are you selling this Bounce? You should be.

in #stocks5 years ago (edited)

What’s are you doing here folks? Are you selling this rip, or chasing??

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We are having quite the rally off the lows here, and quite frankly that is what is semi bearish about this. Velocity and Volatility favors bears. This is a very quick backtest back to the 2760 area. AFTER the monster 3 day rally you have all the bulls coming back out of the woodwork.

The is a VERY different market now and I am not turning bullish because Powell said something I already knew, that’s rates were falling. Until the 200 day at 2775 is taken back AND HELD, and the price resistance at 2820 be very very cautious. Do you short here? Maybe…do you sell the longs you wish you did the past 2 bounces? Yes you do. This is your chance to sell this now BEAR MARKET RIP.

Sell.

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