Open Gaps--History Says They Will Get Filled
We have 3 open spy gaps above. If history is our guide, they should get filled before we see the "Kill Zone-Black Hole" crash hit. When I say crash, I am simply referring to a move lower that hits all at once. This is NOT a new bear market call. I am seeing so many services saying we are about to enter the largest bear market ever-or this is the start of the next bull market. One of them will be correct, that is for sure--or will they? What if we stay in this massive 600 point range for the next 2 years--is that a new bull/bear market or just consolidation before we see the Dow scream to 50K? Instead of one of them being correct, they will both be wrong and most likely lose a lot of money hanging onto a belief of a new bull/bear market.
How does anybody know what is coming in the future (past 1+ years) Now Woody believes the next time to buy and hold will not come until 2021/2022. Is he saying we are entering a new bear market? Nope-just the next safe time period to buy and hold, like we saw from 2009-2018 won't come until 2021/2022. Being fixated on the bigger picture will have most losing money in a sideways market. I have seen it first hand how worrying about the future could cost you in the present. For a long term view, stay within 2-6 months only. We saw massive moves down and then up over the past 7 months and I personally think that will be our trading environment for the foreseeable future (2021/2022) How much am I willing to put on that outcome..maybe a penny because the foreseeable future is not what I trade. 2-6 month views is the furthest out I go and during that time period, there will most likely be 2-5 swing trades in between that time period.
We have the "Hill Zone" and possible "Black Hole" coming (not yet) so be prepared--and take a look at the 100 point spx guarantee below. G
How does anybody know what is coming in the future (past 1+ years) Now Woody believes the next time to buy and hold will not come until 2021/2022. Is he saying we are entering a new bear market? Nope-just the next safe time period to buy and hold, like we saw from 2009-2018 won't come until 2021/2022. Being fixated on the bigger picture will have most losing money in a sideways market. I have seen it first hand how worrying about the future could cost you in the present. For a long term view, stay within 2-6 months only. We saw massive moves down and then up over the past 7 months and I personally think that will be our trading environment for the foreseeable future (2021/2022) How much am I willing to put on that outcome..maybe a penny because the foreseeable future is not what I trade. 2-6 month views is the furthest out I go and during that time period, there will most likely be 2-5 swing trades in between that time period.
We have the "Hill Zone" and possible "Black Hole" coming (not yet) so be prepared--and take a look at the 100 point spx guarantee below. G
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