Seasonality and overbought... Professionals shorting and non professionals buying. Insiders selling. Forex giving strong bearish signals... Complacency...
I don´t know from this point if S&P500 can trade above 1700... What i am seeing is that even the bearish blogs are expecting a rise above 1700 and this is not good... I exited my long positions and start shorting. My forex trades (long JPY and USD against some currencies are working).
Bellow is a chart from one of the worst indexes IBEX30, where you can see a good spot to short.
Getting Perspective and Dealing with Volatility
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The S&P 500 is down 5.5% this month and volatility is rearing its ugly
head. This is a good time to get some perspective by putting the move into
context. ...
Há 49 minutos