I'm A Permabear, Time to Hibernate?

19 de mar. de 2018

Beginning to look like reversal on the macro.

• G20 is seeming like its going to be good/neutral news.
  
• Huge buy walls were being filled ~7800 so someone is happy to catch the knife.
  
• Market sentiment is completely bearish which means reversal is close.
  
• One more retest of maybe 7600-7800 depending on market strength.
  
• Non-related: DOW seems like it's topped out and ready for a correction which typically means recession. We'll see if big money hedges in BTC/crypto or pulls out of high risk assets.
  
• Worst case scenario: we're in the eye of the storm.
  

As a bear, I think its almost time to buckle up your seat belts.