SP500 weekly and monthly. Will it bounce next weeks around 4800 or will it fall to 3500-3600 or even lower?

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The problem is that guy can’t admit he is wrong (he is too presumptuous)… No one knows when and how this will stop, as he (the dumb guy) will not want to admit he is wrong and dumb!

Anyone wants to buy Lucas’s dip ? anyway, I won’t go for the first one. The second one is just to see.
But wait … Systems shouldn’t be Long-Only … (which is the response to GraHal’s question).

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THE TRADER wrote:

The reversal must be this week, perhaps today.

It will be just a relief bounce…

There is double bottom now, with buy signal in 15min/30min (us tech 100 and us500) for a relief rally. But i think it is just temporary rally and the crash will continue

I remember in the very deep past, very many years ago… I was trading manually, long only, on some time frames below 60min, frequently not having any stoploss orders, only some “mental” stops in my head – below some “trendlines” and “supports”. and when market was going against my positions and approaching them, I was some times (especially after series of losing trades)  zooming out the charts to higher timeframes, looking for another, “stronger”, longer term trendlines and supports – and markets were going there faster than I could imagine, with persistency I could not believe, could not even imagine. and my losses got bigger and bigger… stupid, damned stupid me…

if one zooms out major equity indices very far enough one will see that they are in the “up-trends” since 50 and 100+ years. if one did not experience on his/her own psyche and own account what happend to the equities in 2020, 2018, 2015-2016, 2011, 2008, 2000-2002 (and so many more occasions in the deeper past), one might not even easily find all those drastic crashes and perseverant bear markets. if one zooms out far enough, one will find always some mega-super-duper trendline and/or support which “will definetely hold” and “offers unique entry opportunities”. and if one is bot-seller or broker or broker’s agent, one will frequently in one or another way “sell” that hope to the vast majority, knowing that this vast majority is going long only and seeking for “well-founded” reasons why and when the markets will reverse. before markets reverse, many clients will be bankrupt, but who cares… folks new to the markets will be comming soon and buying the hope. and bot-sellers will adjust their systems so they can show in their backtests how they magically managed to avoid recent crash or bear market and possilby bought at exactly the bottom. new level of “confindence” will be possibly backed by statements, that all what they managed, they did thanks to “artificial intelligence” tools they are applying in their systems’ development.

happy trading and cheers!

justisan

There are also systems that can cope with the increased volatility…

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