SPX monthly

As Wallfly pointed out in comments section of the last post, my charting software was in la-la land (may be it was me) and we do have monthly Setup sell as well as Combo 13 sell countdown.

At the same time RSI during new highs sloping down - in the old time traditional market it would suggest quite unhealthy market internals, but in FED propped "let 1% prosper" reality it does not really matter anymore.

 

 

 

I would really love to see similar countdowns on multiple timeframes, so I will be watching like a hawk and acting accordingly

 

 

 

Disclosure - I entered weekend with substantial short indexes position which I kept building till market close

 

May 20th update

Bleeding on my SPX short position, leveling it by short Gold position, only 30% of portfolio committed with no leverage at all… none said that catching the top was easy.

Remember old saying: “Wall St cemeteries are full of people who were right at the wrong time”?

AAPL

Just a quick note - was kind of interesting to see intraday low around 385 and then up we go...

I do think it is just a bounce off support to take as much of market's money as possible - but way down is not over yet according to monthly countdown in progress... of course it might end abruptly, 'nottin is curved in stone

 

As for market correction, "within next few months" is still in cards, on SPY monthly we have 12 - waiting on 13 :)

Coming home to roost or the story of (CWB)

 

It is strange how many charts on so many timesframes say the very same story -

correction is upon us.

Here is (CWB) - 

SPDR^® Barclays Convertible Securities ETF

looks UGLY to me.