So, after trimming a bit of VIXY and STILL in long positions, now the market is at the point for beginning to de-expose myself from the longs. I got VIXY green premarket. Then the problem is....I have VERU, DRRX, CALA, FCEL, QTT also green. GTT is higher than when it all started and still looks good.
None are showing red yet with 10 others at unch with an hour before open.
I will probably shift 1/2 of weaker long money toward the stronger charts at first...while building more cash with the other 1/2.
If the day closes green, the period of resolving hitches on the SRTY, SPXU tricks and the SPX inverted trick from those that may turn out needing reset as they form is the game. The 13,8,8 stochastic is helpful there.
I think that this time around, picking price points as "support" "resistance" will be less helpful in developing expectations and strategy than will the timing of this phase.
Right now the timing that shows up is the timing for the tricks to signal (taking the SPX down farther into the 2000s)
Once that technical sequence is over (likely 3 hard down days after the signal), more overall chart data will be available to bring in further portfolio adjustment possibilities.
So, any up day on the market will begin the unpasting....then down days build the hitch...then up days define the right side of the hitch structure....then the crash continues on the signal.
All that should take 3 to 5 weeks.
But first the unpasting has to be seen.
So that's up, down, up, crash more. Then the trick is out of the way. |
