Suggest for me we had arrived to the bearmarket and actual bull market can be over for this year.
Obviously somewhere, some day during the autumn this heavy selling offers also gracy size tradable bottom.
Where and when exactly I have no clue now.
I own only 3 stocks which are SNDK, NVDA and JNPR in US which I think they might be stopped out (-10 percent stops) tomorrow and even if not I might dumped them out myself even I am only 7% commitment with them.
Wild day behind a lot of action since everything moves including currencies particulary after BOJ intervention.
Actually last 2 days had been very profitable for me even I thought SPX would keep this area more than temporary, that´s because it did rally allmost +20 points also before failing last night and I also participated for BOJ action.
I do not post or suggest any chart at this time because I see it too danger to make appropriate analyse with this volatility which is tricky because trading in higher volatility with EW & Fibonacci is actually easier for me than it is in little volatility but things change too quickly to post charts now.
There is also too many charts which are extraordinary interesting by EW point of view also to post them, but the point is everyone finds intersting material now.
For longterm investors to take most violate movements to slowly build portofolio makes of cource sense with most high paying non-cyclical high divident factories & balancesheet rich cows, that´s what I will likely do also but at least targeting for it that my Index and Currency trading will erase possible losses with holdings and even profit with them.
I wish you best with trading, when writing this I am again long again with UsdYen and EurYen for Asian session.
Once something more clear enough raises which cannot alternate after next 5 hours to be something else again will appear will post again.
