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We've all had to top blast if we wanted entries in things. But I do believe there is a high probability that dip buyers finally get their shot in the near future. So the intent of this is to see *IF* given, where I'd like to take some trades. This is a shift from continually top blasting. To switching gears and looking for things to discount. I have not made any bearish equity posts in a very very long time. Just bc in general it's extremely hard to be bearish equities when they have so many tailwinds. Am I macro bearish? No. This is simply a, hey I think we finally are going to get a pullback so please don't read into it more than that A few things I'm looking at that are raising a bit of a red flag for me short term. These small doji's at the top end here followed by closing below. It's typically a pattern that gets me a little antsy in an uptrend like this bc at least from my experience a bit of downside tends to follow. There's froth, and a lot of leverage. So a little panic to me would be a great buy. There are a few other small red flags that the market has largely ignored in part bc it's had to. Like the SPR/Iran, and various things affected by that which if it's not resolved asap. Will be consequential. There actually hasn't been a choice but to ignore those bc the right tail risk has been higher. Locally, i think the left tail risk is now slightly elevated. In saying that. Again, I'd like to prepare for that scenario vs looking to chase for now. Just a switch in tactics. My plan is to mark out some levels I'd like to buy on various stocks and see if we get some fills on those. Vs chasing momentum here
Pentosh1 ↗