I think it's going to take about 7 to 10 days before this market tops out | Jellystone Message Board Posts

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Msg  1097833 of 1100186  at  6/19/2019 7:20:19 PM  by

BreadthAndPrice


I think it's going to take about 7 to 10 days before this market tops out


  Considering where breadth momentum is, sentiment, and few other things, all is going to converge in about 7 to 10 days.  Then there is quarter end.  I am looking for sideways to slightly up action til then.  
 
When we do turn, it's should be a steeper leg down than what we had last time.  
 
p.s.  Don't look for a full blown bear market just yet.   2y-10y inversion matters more than 3m-10y.  The fed, and the market, have learned their lessons during the last two recessions.  I believe all their cuts will be preemptive now.  Trade this market both ways until breadth data tells you that you should hold onto your bearish positions.
 
IMVHO


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Msg # Subject Author Recs Date Posted
1097834 Re: I think it's going to take about 7 to 10 days before this market tops out Crashing_into_the_Close 2 6/19/2019 7:36:44 PM
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