I have moved to a bearish stance for the equity market. This implies either sitting out in cash, hedging long positions or for more advanced traders, short the market outright.
Initial target is -3% lower down from current levels.
A sideways to up moving market over the next week would result in this bearish stance reversed back to bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.