I have been preparing to short the SP500 and the DAX for quite some time, I have gathered a lot of intelligence to base these trades and started shorting the SP500 earlier this April, where I started building a big position for a correction I expect to come this April, or latest May.
I will keep this one a little short and just share information i already shared with my community members, it provides plenty of valuable information.
Firstly, lets start with some important information:
IPO's have been VERY BAD over the last few years.
Earnings and closing stores and lower rates and stimulus being planned.
Trade wars with the EU and China
Regarding the current highs, the last all time high was 30 weeks ago, roughly, which is 210 days. That is a rather important number in terms of reversals (Gann analysis & numerology) in the market, based on this research significant changes in trend may take place from the significant highs/lows during these periods.
The previous high (Q3 earnings report of 2018) was reached with a contraction, as is the current high.
(click on image to enlarge)
The numbers that are important are 30,60 and 90. In days, weeks and months.
The dot.com boom and the 2008 crisis are connected by 90 months apart, roughly, and are connected with a double top too. Lets see if history actually repeats itself.
All in all I strongly expect a correction to come and start probably next week, but it is very possible that it begins even this trading week.
I can always be wrong, and this post is not trading advice, its just what I am trading.
Wishing you all the best!