Total sum
There are MANY indications both timing & technicals of a major turn that just happened in indexes
Expecting follow through this week maybe sharp
Why I suggested some options because potential is there for fast move lower
Could this be wrong? Yes, I'm not perfect.
But to have all the technical indicators line up with astro in this way is rare - and I've seen definitive moves from yearly pivot levels many many times
Some of the ETF longs were cut (daily charts going on sell)
ARKK ARKG SMH IBB
Love ARKK, but under D200 on both... ugh
Pounded table on NDX NQ hedge (so that QQQ long all hedged out)
Holding RUT RTY short hedge
Added TLT
Added GLD sigh but let's see
Some options
Bottom line
Stage set for index drop maybe sharp - TLT & Vol should also rally
But if I have timing right, this won't be the end, trouble into August
On cryptos prefer BTC visits 28-29K & maybe lower, but kinda prefer stronger rallies from 7/22+ then especially late 7/27+
Thanks for reading long threads!
Threadreader coming up
Here's the sum with tweet link
Ya I'm gonna do a review on these after my holiday
1st, I want to reemphasize importance of some technical system for entries, risk mgmt & exits. Getting every wiggle & every turn is very difficult. That said recently Merc in Cancer huge bearish BTC edge, then other negative edges, pound the shorts. Now we are trying to spot low
Basic question is:
Venus into Virgo & Sun in Leo - what is market impact and is one stronger? From the person who asked assuming this is for BTC but let's just deal with astro level first then we can think about asset classes.
Exits much tougher than entries and depend on so many factors
Timeframe you are trading - what makes sense for swing trader doesn't make sense for investor and neither makes sense for daytrader
Vehicle you are trading - futures more room, options go against quick, take the $
Anyway, this is an intro the question I'm sure everyone asking - where is the low?
For stocks, hm, if astro right about Jupiter ahead, plus both Venus in Virgo & Sun in Leo weakest in bull markets, then low is nowhere close. Like Panda better chance major top is in!
But some of you might be thinking "where is the low this week" and others are thinking "where is the low in July" and others Q3 and other 2021 etc
DJI
Double top on YR1 (red arrows)
I have done a lot of research on these pivots too
Note 2020 low YS3 (green arrow)
Major turns happen at major levels, the more involved across different assets, the more likely
SPX
Credit to bulls, did clear YR1
SPX daily
Went up to next leve, July R2 / Quarterly R1 combo (July R2 tag near exact)
So, still above YR1
Then July pivot, then quarterly pivot
Pluto Rx in Capricorn-Saturn from 6/29 - Saturn ruling sign & term, quite nasty. Showing up in covid, bonds, inflation expectations, some indexes like RUT, gold somewhat
Prior to CB gorillas Pluto through terms *moved* the markets, still should have some impact!
Neptune still in Pisces-Mars from 1/23
overall volatility big moves both ways, though Mars in Cancer held up quite well for stocks
Uranus freshly in Taurus-Jupiter from 7/7
sounds good but Jupiter smart $ knows how to sell extended assets; also Jupiter condition very weak soon
Saturn Rx in Aqu-Ven 6/18
One of a few major changes, Saturn could be hitting harder now
Jupiter Rx in Pisces-Ven 6/21
Also major
Rx back into Aquarius *very bearish* - out of rulership, together with Saturn, sign & term of Saturn 7/28-9/6