Today’s price action got me thinking about the Q3 of 2007, not many traders wanted to consider a paradigm shift there. And can you do it now?
Currently market prices can just result on a great “Buy the Deep” opportunity which, by the way, have worked for almost a decade.
How can you be sure that it will work this time? I do not know.
Here you have a few charts:
I remember trading for a large back in 2007 when things started to turn negative. Not many trades that I knew, wanted to openly explore the option of a great short building up. At this time a short position can be as risky as getting long. The market is oversold and large swing are taking place in both directions.
Institutional traders are adjusting their portfolios and that can create good intraday opportunities if you have the skills and tools to profit
Market tops usually can take a few quarters to get confirm because price need to consolidate below the last high. Tops had occurred a few times every decade and they are almost impossible to time correctly. On the other hand, it is good consider all options when market prices are showing recent weakness in both weekly and monthly candles.
Here you can see the YTD charts of #AMZN and #GOOGL
Fund Flows MTD
You can see how in #EUROPE we are reading to to cash mode and selling across all assets.
The ECB (Central Bank in Europe) have confirm that it will likely stop the asset purchases in Dec 2018.
