The market topped a couple weeks ago. Several of my indicators told me the next move would be down, so I stopped going long and suggested a handful of shorts and inverse ETFs to the Leavitt Brothers membership base. Within a couple days a big move down played out. Here are many of the set ups posted. I hope you got some of these because there really is no excuse for not making money the last couple weeks.
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Were these posted on your “free” or “paid” site?
do you consider this a “short term” bottom with little upside before another move lower
These were posted for paid members.
And yes I consider a short term bottom to be in place, but unless progress is made in Europe, I do not expect an extended move up.
thanks for your prescience
Good stuff again Jason. But you missed all those wave 3 moves that took out the May 7 highs.
Do you know about wave 3? I’d be happy to tell you more
I know nothing about wave 3. 🙂
PS with the VIX having a red candle high/bearish engulfing pattern and so many of the strong growth stocks having
bullish engulfing/bullish piercing patterns and being quite oversold, the bias for the next few days is up. But the market is still in a confirmed downtrend and the VIX in an uptrend until the chart patterns change
I agree near term bias is up, but I’m not expecting anything more than a couple up days unless significant progress is made in Europe.