Nothing to do at the moment but wait for something actionable to confirm, so I went for a drive.
Upon return I checked my comments and they are dominated by people calling recession and bear market.
Feels a lot like the c19 crash, everyone did nothing until the lows, panic sold the bottom and then missed the lockout pump that followed.
Opportunity is coming and I think most are going to miss it because they’re scared. These same people were laughing at deflation 2 weeks ago and championing tariffs being inflationary, and now they are trying to blame trump for the weekly cycle lows. This is classic wave 4 stuff - a surprising disappointment for all the latecomers.
The sentiment swings are remarkable. Investors these days don’t seem to be able to tolerate a correction.
Even if we are going to call tops, we need a bounce first to give us a high probability setup and short entry.
Sit tight, one thing I do extremely well is be a contrarian when it matters. i think an extremely one sided setup is presenting here.