Get ready to SELL, soon, but not yet

We are in possibly the strongest most Bullish Market ever... The Buy the Dippers are in seventh heaven, and the permaBear Contrarians are in the dumps... BUT if you read My Idea about Seasons, and how there is a time for
everything under heaven... I'm beginning to think about getting heavily back into SQQQ and using 60" charts instead of daytrading Futures... This one hour chart shows price is way up there in the stratosphere, way above R4
in The Pivots.... BUT in 1 hour charts we are under the 200 EMA, and even though the last signal was buy, soon we will one again start to get sell signals in longer term 4 hour and daily charts.. When we do I will go all in on SQQQ.

Stay tuned.

Comentário:

Well possibly "not yet" is sooner, rather than later. We are higher than when I posted this, but you can almost feel a shift, the market kept erupting downward yesterday and last night.. At the end of the day we were seeing a chart struggling to stay up, with many hairy candles pointing down, not up like previous weeks. I learned one thing about the SQQQ it is not the best method to profit from this down move, it only went up a few pennies after a big moove down.