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RE: ALERT! A Perfect Storm Scenario Is Developing For The Stock Market. By Gregory Mannarino

in #money7 years ago

Hey Greg, going old school on this one:


Using a Gann Square we just hit the sell level.

On a fib chart we just hit important resistance on re-tracement

EW count can be drawn as ABC flat on 2(B) correction. Next wave is down to triangle or sell-off

So I am bearish, OTM puts exp 3/2

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With you short now as well, Greg seems to think we will go higher till we hit former highs, not so sure about that.

everybody has done their own respective homework, so each study is valid but a study can be valid, and also be wrong. For me, I trade my TA, not what I think or what I feel. I don't trade reasons or sentiment. I only trade price action because that is the only thing that pays.