I took a heavy loss early last week but am now in the safety of cash.
As I look out across the war torn battle field I see the bodies of bulls everywhere.
Just over a ridge to our north, the bears have grouped.
They have the high ground.
This is not the time to fight by bringing new money into your trading account and doubling down on your positions. This is the time to go into stealth mode by exiting the market and sitting back in cash.
The S&P 500 has fallen back below the Fib. 50% retracement level. In Fib. theory, a trend reversal is most likely to happen when a market pulls back from the 50% retracement.
Adam has released a new video on the S&P 500 and I want to make sure I get it in your hands before trading begins Monday. This is a short video you need to watch.
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