Bear market rallies are among the most intoxicating and convincing moves that happen in markets. But they always end in tragedy. This is still a bear market in my opinion. Be careful out there.
@Mayhem4Markets Do me a favor and tweet something to this effect every day. When the haters and deniers come out in force that’s when I short heavy. I definitely remember December into January, and March on your feed
@Mayhem4Markets Yup +15-20% on $SPY can convince even the most disciplined analysts & traders. That's why they happen. Buying begets more buying which leads to convincing technical setups which begets more buying and then when the music stops its even more brutal as In dotcom & financial crisis.
@Mayhem4Markets Very true, bear rallies are incredibly good at sucking people into a nasty trap before plunge, just as they get excited. Can be very demoralizing for traders/investors.
@Mayhem4Markets Coming out shooting fam three tweets that spoke of a sour truth
@Mayhem4Markets Spx under 3500 is bear market... Spx never entered the bear market. Turned from the border. So this was a retrecement...
@Mayhem4Markets Is there a level that, if theoretically reached, would invalidate your bear market assumption? It seems like we're getting close, but I'm sure there are tons of different measurements I'm not aware of
@Mayhem4Markets Everyone’s been screaming it’s still a bear market for two weeks now and what? Markets are up 10%+? Lmfao. Bottom is in. These the same people that’ll buy after new ATHs
@Mayhem4Markets It was convincing when it was climbing a wall of worry mid june to mid july but then went vertical and started pumping shitcos again