Updates Friday 3/27/20

On Friday 3/27/20 at 5:00 PM EST, our system had identified a bearish signal for $SPX $NDX $RUT.  This was the advanced warning that Bounce1 is over, and the Down Trend is going to resume.

So we posted the following updates for our members on Friday 3/27/20 at 5:00 PM EST.

Members who follow this signal had the opportunity to lock in profit from their long positions on Monday 3/30, and are capturing profit from the current down swing.

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Updates 5:00 PM - Friday 3/27/20

Our system has identified these are bearish signals: 

$SPX $NDX $RUT all formed bearish spires on their daily chart today.  They ran into resistance near the highs of yesterday.

$VIX $VXN have been finding support for multiple days around the 200 EMA on their 30-min charts.   That's a reliable signal that they are going to rise next week.   Not a guarantee, but a high probability.

​Market breadth dropped into very negative zone today. 

SQQQ (bearish inverse of TQQQ) and TZA (bearish inverse of TNA) have formed W bottom on their hourly charts.

The reward:risk ratio for entering short positions against $SPX $NDX $RUT has improved a lot now that the Big Bounce is fading.  Conditions are favorable for at partial entry of short positions.

However, if you choose to enter short right now, you may need to be prepared for one last possible short squeeze on Monday.  ​

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There is now a significant new signal as of 3/31/20.  

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