few week ago I published a reversal trend playing out on Spy, using 10k as starting value in August contracts at 365, you be up 5x in just a month and a half, congrats
now, the reason I'm tutoring the bear thesis to my claim is review 2 ranges at similar structures; January 3rd 2022- March 30th 2022, looking at the RSI, the matrix used is a hidden bearish divergence, which lead the unfortunate sell off running from April-June 2022.
Now let's re-examine a similar sequence, in the RSI, I plotted another divergence set up, from March 30th-current date, it's a legitimate duplicate to the previous sell off, and investors and swing traders are perfectly setting up the scene for the next wave of sell off, i'm no perma-bear, but I don't think negatively, this is a new opportunistic chance to analyze my thesis and make your own due diligence.
You're outside of your burning home, and i'm offering fire insurance.