This is a bear market and chances are it's going to get even worse.
The Bears are in control now not the bulls.
The S&P is down 13.5% in 2022.
The nasdaq down 22%.
Many traders/investors are dropping out and they should if they don't have the skills.
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Market doesn’t go straight down. Bounces will come but all rallies get sold.
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But if you know what you’re doing, what other market can you get 200 S&P points in less than 24 hours?
(My $ES sale was front ran by 2 points full disclosure so I didn’t get the 200 pts personally. But point remains the same)
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1) I was one of the few not buying the rally. 2pm-2:40pm we saw: Rejection of key resistance, 50sma on the system not holding. Markets reacting as they should have.
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2) approx 2:40pm JP says some magic words, we surge up.
Then today happens
The systems and charts don’t lie, they told me more pain. JP can maybe give a fake rally but nothing overrides the system and charts in the end
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