Two Tries
Testing 1,2 18th August 2022
➤ This was the 2nd day in succession where S&P500 tried to overcome the upper pink zone. The resistance is holding. Maybe it's the thin air at these heights. We probably need to see a pause for breath at least, at worst, it's taking the first steps back down to base camp. 💨
➤ My exposure moved to -50% as shown in the chart. That means we are short the market using half of our capital. This is low-moderate. The maximum is +/- 200%, the level of highest conviction.
➤ Conclusion: This is our 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. 3rd time lucky? 🍀 I'm not holding my breath!
➤ This was the 2nd day in succession where S&P500 tried to overcome the upper pink zone. The resistance is holding. Maybe it's the thin air at these heights. We probably need to see a pause for breath at least, at worst, it's taking the first steps back down to base camp. 💨
➤ My exposure moved to -50% as shown in the chart. That means we are short the market using half of our capital. This is low-moderate. The maximum is +/- 200%, the level of highest conviction.
➤ Conclusion: This is our 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. 3rd time lucky? 🍀 I'm not holding my breath!
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
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.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
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.