1. Indicator Note:
Just waiting for my Market Crash Indicator indicate a high probability crash scenario before I start to exit longs and swing trade to the down side.
2. Discussion
Currently, the US market has been supported by fiscal support, as means of aiding recovery from COVID-19.
Several States now withdrawing Federal support!
As a side note: if $300 week social welfare support is so generous it stops many from working, there's a fundamental problem with the US wage structure!
In any case, my Market Crash indicator is still neutral.
Let's keep an eye out over the next week, as support withdrawal starts to take effect. Either:
a. workers go back to work and economy kick starts; or
b. economy falters, growth estimates and marker corrects -- or crashes!
3. Recommendation
Be prepared for short side positioning when the non technical analysis based Market Crash indicator identifies high probability opportunities.
Just waiting for my Market Crash Indicator indicate a high probability crash scenario before I start to exit longs and swing trade to the down side.
2. Discussion
Currently, the US market has been supported by fiscal support, as means of aiding recovery from COVID-19.
Several States now withdrawing Federal support!
As a side note: if $300 week social welfare support is so generous it stops many from working, there's a fundamental problem with the US wage structure!
In any case, my Market Crash indicator is still neutral.
Let's keep an eye out over the next week, as support withdrawal starts to take effect. Either:
a. workers go back to work and economy kick starts; or
b. economy falters, growth estimates and marker corrects -- or crashes!
3. Recommendation
Be prepared for short side positioning when the non technical analysis based Market Crash indicator identifies high probability opportunities.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.