Pivot Point

The first 17:43-minutes at this link, describes the market’s mental condition and that of its unwitting participants.

Even though the language used is different (contains profanity), it’s essentially the same thing echoed by Bert Dohmen at this update.

They’re both saying a ‘break’ is coming.

This time around however, when it happens, it won’t be anything like we’ve ever seen (not advice, not a recommendation).

Short Trades Only (so far)

Question:

When’s the best time to refine short trade skills?

Answer:

When you don’t have to. 🙂

We’re coming up on two-years of short-selling as presented on this site.

The real (sustained) breakdown has yet to happen. All the while, short expertise is being honed.

With that, let’s look at the latest (potential) short-trade candidate.

Semiconductors SOXX, Daily Close

We’ve had seven consecutive higher closes.

Was that it, or will Monday, be a Fibonacci eight?

The last time there were as many consecutive higher closes, was from 2/10, to 2/20, this year.

That time, it was eight higher closes, kicking off a -36.5%, decline in less than eight weeks.

The ‘Pattern’

As shown, we have the repeating pattern of ‘spring-to-up-thrust’.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279