Market view

Markets did ANOTHER impressive rally and is nearly unstoppable at the moment - we keep rallying higher which is amazing !

I still believe that we are going to see a sharp reversal to the downside when they announce the agreement , which they will possible Thursday or Friday.

After that we could see some big movements to the downside again and thats why I think its good to start up buying shorts.

Actually I did a quite risky play as I sold all my TNA with huge profits from 39.5$ to 47$ area which was very nice profits in just 2 days.

I actually also started the RISKY play - already buying TZA and EDZ at 32$'s and 20.3$ in EDZ - so hopefully we will start to see some sideways/chopy action before possible nice downleg in markets.

I just saw a potential bearish pattern forming + my upside target near reached to the perfect spot - DOW JONES 11.966(MA200) or near 12.000 is my upside , so we came pretty close and therefore I dont think upside is huge from here if anything.

So its a risky play I know yes - but as we also move closer to the debt deal - and I think it will dissapoint - then we might start a leg down pretty soon.

Conclusion:

Took all my profits in TNA from 39.5$ to 47$ with big profits , not flipping 100% upside down and bought EDZ and TZA for potential swing - I think the upside is rather limited here and a test of MA(200) is possible - Russell also tested my upside target which is 737 area , where we closed yesterday,, REMEMBER - I have NO KIND OF SELL signals yet , so this means that we are still on the way up , and therefore a lot more risky play - but I feel that right now is a good time to begin short markets and indeed if we see a trend reversal later this week we will just add more shorts.

Congrats if you followed my plays going long markets heavy at 1080 SPX , selling at 1220 , going short 1230 - selling at 1200 , going long markets 1210 - selling at 1258 , and right now short this area and will add if we move a bit higher OR make a trend reversal soon.

Again if you have made any kind of money on my calls - please donate and thanks for all those kind persons who really donate a little bit , appreciate it.


Have a nice day.