Knew the market was short term overbought.
I expected a drop today.
Nothing like this.
Today was a real surprise of the severity of the drop.
Lost $ today.
Today's move changes everything.
Thought we were going even higher in the next week.
But today caused a lot of damage.
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The question is , do we get a decent bounce of this or do we start heading below 4000 fast?
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At this point I’m just looking to exit with less of a loss
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Idk. I mean, what do you do if you want to protect funds from inflation? Is nothing safe? These levels to me seem very over sold when considering where we were beginning of the year. I still feel like a great yield chase will happen before a crash.
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Maybe a reversal here. Daily looks to be forming an Inv H&S. A bounce here would set it up perfectly for a few day bear rally. Retest that red supply zone and get through it this time.
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I think the move is to remain short from January until Nasdaq 100 hits 8-9K. These intraday rallies and swings are just noise
