$SPX Short-Monday 16 March with Confirmation
How To Trade Monday 16 March
Position: Short
Duration: 2-3 days Hold
Entry: Short at Open
Confirmation: $SPX drops below 2660
Market: Broad Index and Stocks
Exit: $SPX 2450
Reason:
Trend is down, broad sell-off continues and Covit-19 cases will rise dramatically
Macro:
Severe shortage of liquidity force Fed to step in with bazooka to keep $6.5 Trillion funding gap temporarily
Corporate Junk Bonds sell-off will accelerate results in ETF manager to force sell broad liquid equities to allow for massive outflow and redemption
Position: Short
Duration: 2-3 days Hold
Entry: Short at Open
Confirmation: $SPX drops below 2660
Market: Broad Index and Stocks
Exit: $SPX 2450
Reason:
Trend is down, broad sell-off continues and Covit-19 cases will rise dramatically
Macro:
Severe shortage of liquidity force Fed to step in with bazooka to keep $6.5 Trillion funding gap temporarily
Corporate Junk Bonds sell-off will accelerate results in ETF manager to force sell broad liquid equities to allow for massive outflow and redemption
-Fed meeting is on Wed
-Fed twice made emergency call during the US open and market tanked
-This morning Fed made the fokin biggest news 12 Hours Before US open
-Alarm bells sounded in my head and I canceled my plan
For now market is down and it may go down further but I personally wait till I see the US market reaction to the Fed