Market Capitulation Still To Come
The S&P 500 hit the mid 3850 region as we have been expecting and we saw a bounce from that level. Here's the kicker, there seems to be more downside to come. At a market bottom, price action is panicked get out at all cost selling. While the selling last week was extremely broad across the market, and a few stocks got hammered significantly, such as COIN, the overall market didn't trade that way.
Short-term - Expect a bounce up to the 4200 region.
Medium-term - The next leg down will be vicious and will make new lows. Our targets are 3600 and 3200 region.
Long-term - Identify stocks you want to own for the next 10 years and buy them at a discount when they hit these new lows.
I'll update my Twitter over the next few days with potential long plays when the next leg down happens. DYOR
Short-term - Expect a bounce up to the 4200 region.
Medium-term - The next leg down will be vicious and will make new lows. Our targets are 3600 and 3200 region.
Long-term - Identify stocks you want to own for the next 10 years and buy them at a discount when they hit these new lows.
I'll update my Twitter over the next few days with potential long plays when the next leg down happens. DYOR
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.