We’ve Seen This Before… Deja Vu?
If you remember back in 2008 (2 years ago, almost to the DAY!), I made a Weekly Coaching Video that talked about a bearish formation that rarely happens.
In fact, it is so uncommon that it has only happened a total of 4 times in the last 10 years…. and the last time was a huge flashing warning sign about a likely downside move.
Shortly after I made that video, the market tanked in 2008 and all the members of the membership site did a song and dance because they knew how to take advantage of this downside free fall… which proved to be long and profitable… We lined our pockets while everyone else was taken by surprised.
Well, those same indicators are forming almost an identical pattern again as they were in the video 2 years ago.
Get ready to pull out your bearish strategies because these reliable indicators (which have never been wrong for me, by the way) have commentators everywhere watching and waiting for a downside spiral…
Leave a comment below and let me know how you are preparing.
3 Responses to “We’ve Seen This Before… Deja Vu?”
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Went to cash back in April & have been trading SDS and FAZ since (buying calls and selling puts)with great success. Also trading bear call spreads in the SPY and bull puts in FAZ, again with great success. Plan on continuing with this stragedy until the trend changes.
I’m buying SPY puts.
Sounds like it’s time to remove one of the wings of the iron condors for awhile and just play the bear call spread. We’ll see how it plays out….