In this video lesson I want to go over why the market now is setup for a possible crash and/or 2008 style bear market. The systematic risk is here and spread today confirming the breakdown during Thursday’s session. I am further reducing size on any new signal (none of the “signals” from yesterday triggered or filled) and am aggressively raising stops on everything following Friday’s session. We are now setup for a crash and while I have no idea at all if that is what will happen or not we now have all the ingredients needed for a crash and/or panic sell off. Cash is beyond king. My only time frame of focus is intraday. EOD swings are cash. Quarterlies are 100% cash. Long-term ports are waiting for SPY 350. Capital preservation has never been more important, unless you’re under the age of 25. If that is the case, have fun! Have a great weekend everyone. Happy non-trading. Aloha.
