FWIW, I will be closing longs today. I am an old, conservative investor. Even though the T may last until January 6, I am willing to miss out on further upside as my comfort level has been breached over the last few days. I expect the VO to hit the zero line from below and fall. This will create a better buying opportunity in the future. Whether that is before January 6, I don’t know.
Yesterday, I became concerned with the following charts:
Bullish Percentage
The Simple Chart
The Confidence Index
For those with a higher risk tolerance, please do your own due diligence. I tend to leave the party early, as T’s can exhaust themselves early. I very rarely suffer FOMO, especially after a year like this. We’ve had more T’s than in normal years, and I managed to safely navigate February and March.
Best to your trading, and stay safe.
T-Theory Thoughts 