12/1/2018 Markets surge over 5% this week! Bears should consider shorting this “rip.”

I was quite surprised by how much the market jumped this week. Here are the weekly charts of the indexes.

Bears waiting for a jump in prices to sell into can now do so. I think the risk reward is now skewed towards the downside, so it makes sense to short sell or sell here from a short term perspective. 

If we do start to approach the previous lows, I expect rapid high-volume selling that drags the indexes down to February lows. 

Good luck! 


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