I’m just seeing this! I did wait. I know when I feel that way, the reversal is almost here and indeed IT WAS!

Thanks. took a quick profit and flipped into Ford. It’s still in a divergent low and I like how their CEO is getting more aggressive telling Trump that his tariffs could ‘blow a hole’ in US auto industry.
I think the severity of what could happen is sinking in. I’m expecting a big relief rally if Mexican and Canadian tariffs are ended, not just postponed.

Thx.

My thoughts on the daily chart of BBIA below. My best guess would be another buying climax but certainly can’t rule out a legit breakout. If looking to short, best to wait for some half-decent evidence of a reversal, such as a bearish candlestick reversal pattern & if going long, just make sure to set a stop you are comfortable with & don’t fall in love with the position. G-luck!

Best of luck on that trade. Financials look like a nice swing short at this time, including the KRE short trade I posted the other day. From a contrarian perspective, I like that I see nothing but all-out bullish articles in the media regarding the financials due to the expected deregulation from the new regime in DC. I also like the concerning trends in consumer credit (delinquencies, charge-offs, etc..)

Good things come for those who wait….in this case, a solid break below the trading range/my red support line as well as the 200-day MA’s on SPY, QQQ, & the majority of the Mag 8 stocks.

However, shorting the recently highlighted bounces into resistance on /NQ & QQQ since Friday, as we as today’s dip-buyer’s bounce off the pre-mkt/opening low, certainly appears to offer very objective short entries with an excellent R/R (assuming relatively tight stops compared to the downside profit potential).

This market dies when the majority of the big tech stocks die & a good start or early sign would be breakdowns below the uptrend lines, price supports, & 200-day MA’s highlighted in today’s & recent videos. Until & unless the major of the leading tech stocks do that, this market isn’t going much lower.