Hi folks!
The market seems untradeable right now imo - we are in no mans land in terms of technicals (trends, horisontal support/resistance, MACD/RSI etc.)
I still believe we will go way further down in the long term, and we have a lot of both immediate and longer term risks in the market.
However, a crash/big correction almost always happen over a very long time with a lot of counter-trend rallies -
thus, I will only make very short term long-trades when the market is in panic mode and short-trades (through the VIX) if we see extended rallies.
My take is thus that the best action is to stay out right now if you are either a long term investor or a medium-term trader -
The fewer trades you make and the mote patience your have in a volatile market, the better.
DYOR.
NFA.
I wish you all well :)
The market seems untradeable right now imo - we are in no mans land in terms of technicals (trends, horisontal support/resistance, MACD/RSI etc.)
I still believe we will go way further down in the long term, and we have a lot of both immediate and longer term risks in the market.
However, a crash/big correction almost always happen over a very long time with a lot of counter-trend rallies -
thus, I will only make very short term long-trades when the market is in panic mode and short-trades (through the VIX) if we see extended rallies.
My take is thus that the best action is to stay out right now if you are either a long term investor or a medium-term trader -
The fewer trades you make and the mote patience your have in a volatile market, the better.
DYOR.
NFA.
I wish you all well :)
