Step away from your computer for a couple of days and BAM!
Stocks peaked out on day 21 of their cycle, and the USD bounce just turned into a “USD crater”. Stocks could easily fall much lower over coming weeks so…
I wouldn’t think much of it considering that nearly ever single time stocks take a little break…they have generally popped back up in but – THIS TIME? The intermediate cycles have been so extended, the counts have been very difficult, but with today’s action coupled with the massive “profit taking event” in tech stocks some weeks ago?
Don’t go looking to buy a dip here! DO NOT GO HUNTING FOR A BUYING OPPORTUNITY!
If this is indeed the long-awaited “mini crash / intermediate decline in stocks” it will take weeks, and quite possibly roll over into yet another failed daily cycle pushing things lower for weeks “after that”.
It’s far, far to early to even consider this a buying opportunity, as you should have been looking at these past few months as selling opportunities anyway right?
I’m dumping my crappy “short MUX / summer play on Gold” and otherwise have “zero skin in the game”.
USD falling thru here very surprising so I am 100% out ( perhaps with a tiny profit ) first thing in the a.m.
Sorry….the sun is out, and as stated many many weeks ago……I’ve no time for this now. It’s a waste of my “oh so valuable time”.