You Can't Be Short

JC Parets
August 10, 2022

Was this just a bear market rally?

Or did we just see the initial thrust off the lows before a more sustainable move progresses into the end of the year?

That's a good question to be asking.

And while we don't ever actually know until after the fact anyway, we've set these 2 levels as clear lines in the sand for arguably two of the most important assets on the planet: The S&P500 and Ethereum.

The bottom line is this: If the S&P500 is above 4200 and Ethereum is above 1800 - YOU CANNOT BE SHORT.

Short the S&P500 below 4200?

Knock yourself out.

Fading rallies in ETH below 1800?

Go for it.

Sure why not?

But SPX above 4200? ETH above 1800?

No shorts allowed in this neighborhood my friends. Not on my watch!

These are key neckline levels for both of these important assets.

What do you think?

Do you agree?

Chime in here. Send us your thoughts.

Then check out our new app. Have you seen Rangefinder yet?

Here's a quick 2-minute video explaining what we built:

Our list of actionable opportunities in the stock market is growing every day.

If you’re interested in seeing my favorite trades right now filtered by best risk vs reward, give us a call and add our new app to your account: +1(323)421-7910

Rangefinder is our brand-new trading app that stores every ASC premium trade idea, annotated chart, and trading instructions.

Sign up and then ping me and let me know what you think!

JC

 

Filed Under: