When I’m looking at market timing I break it up into a few categories shown below. It’s not always as black and white as selling your long positions and getting short right away. Often there are a few days or weeks between the time when I exit my longs and decide to short the market. I’ve seen enough in my indicators that tell me that it’s not prudent to hold onto any long positions right now (unless your long-term). Now is the time to be exiting longs and wait for a sell signal. Based on the Fibonacci retracement we could pull back to the 10650 area.
- Buying long
- Exiting long
- Entering short
- Covering short
