My Long Term Portfolio
We're trading in a bear market now, hence from here forward, rallies are opportunities to add more shorts (Per my plan, I added another round of shorts today shortly after open). I think there is a good chance that SPX sells off to test the Neckline sometime this week, even as early as tomorrow. A close below the Neckline confirms the H&S price pattern in SPX. The objective for that pattern is SPX 1150 to be reached sometime in early to mid September.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.