S+P 500 WARNING! WARNING! My DAILYtech chart is warning me that the S+P 500 is about to change to a downtrend. This looks like it may be a MAJOR downtrend change. Something like the start of OCT 2018 turndown.
If you have some profit from this last ralley cash is the place to be. Discount commissions are so low why take the chance. I'm thinking short term so this is not to alarm any long term holders.
If I was a NEWBIE I would take my cash and run. My long term thinking is 1-3 months for trading but you need to believe in your system. Also a lot of damage can be done to the prices over that period of time. The stock prices may never come back up to those prices again. An example is BTE. $40.00 and many others I'v seen over my lifetime of playing the market.
Last blog technicals were looking good for APHA but it has been about seven weeks and the price hasn't been moving up very fast as compared to other pot stocks. That normally is a bad sign and the last couple of days my daily technicals shows it has started a down move.
This is a early warning for myself and it may be a day few days for this to start down.
When reading this you must keep in mind that THIS MAY NOT HAPPEN so use your own judgement.
For you non technical believers don't pay any attention to this tweet.
I'm am not a broker or financial adviser so this is not advice but a reality check.