Hello Traders,
Some possible bad news. After watching bitcoin lose support and plow thru a massive buy wall at 90 and seeing the SPX close below the 50DMA I think we are about to enter a correction in the markets. Also when I checked fib levels they are very extended from the 2022 correction ..close to the 2.618 fib. Also checked the April dip and we are almost at the 1.618 fib. Tomorrow we have Nvidia earnings. To me this whole market is riding on the hope Nvidia kills it but even so I'm not sure that will be enough will all the negativity right now including the very extended markets and bitcoin crashing. A few more tidbits. Last year same date Nvidia earnings they beat but that began NVidias downtrend which lasted till April this year. Which just so happened on VIXEX and guess what tomorrow is also VIXEX. Then tomorrow is also a New "Bear" Moon. Plus we went into mercury retrograde on November 9, 2025 which will end on November 29, 2025. So combine all this together and I think the odds are good that a correction is due. The only strange things is this is November... a normally strong month. It is possible we have one more sneaky up move... or some incredible news besides Nvidia earnings that give this market a second wind... I just don't see it. I went from 90 in the market to about 30% today.. So I have a lot of cash and depending what happens this week I can sell even more. Well lets see what happens.
Some possible bad news. After watching bitcoin lose support and plow thru a massive buy wall at 90 and seeing the SPX close below the 50DMA I think we are about to enter a correction in the markets. Also when I checked fib levels they are very extended from the 2022 correction ..close to the 2.618 fib. Also checked the April dip and we are almost at the 1.618 fib. Tomorrow we have Nvidia earnings. To me this whole market is riding on the hope Nvidia kills it but even so I'm not sure that will be enough will all the negativity right now including the very extended markets and bitcoin crashing. A few more tidbits. Last year same date Nvidia earnings they beat but that began NVidias downtrend which lasted till April this year. Which just so happened on VIXEX and guess what tomorrow is also VIXEX. Then tomorrow is also a New "Bear" Moon. Plus we went into mercury retrograde on November 9, 2025 which will end on November 29, 2025. So combine all this together and I think the odds are good that a correction is due. The only strange things is this is November... a normally strong month. It is possible we have one more sneaky up move... or some incredible news besides Nvidia earnings that give this market a second wind... I just don't see it. I went from 90 in the market to about 30% today.. So I have a lot of cash and depending what happens this week I can sell even more. Well lets see what happens.
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Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.