The market was bloody today. I wasn't expecting that much of a pull-back today. However, it sorta signals a top might be nearby though. Comparing to last May and August, this top will be similar as well. It won't be a sharp turning point, instead, it will be zig-zaging with a greater magnitude. Again, I will probably load some 3X long ETFs or 2X short ETFs when SP500 hits 820 or 890.
The releasing of stress test result is a killer. I start to really realize how much damage "rumors" or "uncertainties" could do to this market.
With so several intermediate-term indicator pointing to a big pull-back soon (if not crash), let's see how low it will go this time. It may start in less than 2 weeks... ...
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