{"id":493,"date":"2020-03-22T15:19:43","date_gmt":"2020-03-22T14:19:43","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=493"},"modified":"2020-03-22T15:19:43","modified_gmt":"2020-03-22T14:19:43","slug":"my-opinion-about-this-bear-market","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/my-opinion-about-this-bear-market-493\/","title":{"rendered":"My opinion about this bear market"},"content":{"rendered":"\n<p>Do you know what I noticed? <a href=\"https:\/\/market-and-us.com\/blog\/category\/weekly-summary\/\">Too often in the past<\/a> I expected bullish moves. So, you&#8217;ll know the exact point of <strong>trend change to the upside<\/strong>: That&#8217;s when I will write about bearish moves in the coming week. \ud83d\ude42<br>But it&#8217;s not yet the case. Hm, maybe. You can read about <strong>my opinion<\/strong> about this bear market in the next section:<\/p>\n\n\n\n<h2>Down more than -30%<\/h2>\n\n\n\n<p>This week I decided to <strong>switch to the <a href=\"https:\/\/www.cmegroup.com\/trading\/equity-index\/us-index\/e-mini-sandp500.html\" class=\"broken_link\">ES<\/a><\/strong> for the weekly overview. This is the <strong>future of the S&amp;P 500<\/strong>, similar to the SPY. Here you can watch the weekly chart of the ES:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"638\" src=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-1024x638.png\" alt=\"\" class=\"wp-image-494\" srcset=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-1024x638.png 1024w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-300x187.png 300w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-768x478.png 768w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-170x106.png 170w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-370x230.png 370w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6-780x486.png 780w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-6.png 1081w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong><em>ES (weekly)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>The market is <strong>down more than -30%<\/strong> from the last high. And there are no patterns in the daily chart for a bounce yet. The <strong>next strong support is between 2580 and 2600<\/strong>.<br>In the hourly chart you can recognize support around the -30% and currently at 2275.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>If the 2275 will break on Monday significantly then <strong>I expect the market to get to 2600 or even lower to the -40% level<\/strong> before turning upwards. But if we&#8217;ll see strong bullish moves on Monday the <strong>last days&#8217; ranging market could be the (first) bottom<\/strong>.<\/p><\/blockquote>\n\n\n\n<p>Here you can see the <strong>monthly chart of the <a href=\"http:\/\/www.cboe.com\/vix\">VIX<\/a><\/strong> <em>(volatility of the stocks in the S&amp;P 500)<\/em>: <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"617\" src=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-1024x617.png\" alt=\"\" class=\"wp-image-495\" srcset=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-1024x617.png 1024w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-300x181.png 300w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-768x463.png 768w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-170x102.png 170w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-370x223.png 370w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7-780x470.png 780w, https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/03\/grafik-7.png 1039w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong><em>VIX (monthly)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>You&#8217;ll notice the exceptional values at the <strong>same levels of the market crash of 2008\/2009<\/strong>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>But pay attention on the low of the markets being about <strong>4 months after<\/strong> the VIX high. This would mean that <strong>we&#8217;ll see the lows in July<\/strong>!<\/p><\/blockquote>\n\n\n\n<h2>What did I do last week?<\/h2>\n\n\n\n<p>I did <strong>not change anything<\/strong> in my long term account or any swing trades. I <strong>just traded the futures<\/strong> everyday. Just in paper account because for some hours the margin was increased to more than $1600 per contract instead of $50 during times of an average volatility and I could not trade during most of the times.<\/p>\n\n\n\n<p>But my paper <strong>week finished with +$663.28<\/strong> after commissions and fees. On Monday and Friday I had only winning trades. And on Thursday I made some experiments and new kinds of trades that brought me down to around -$850 and after switching to my usual style I recovered and finished the day with +$45.<\/p>\n\n\n\n<p>So, <strong>I feel good with my trading at the moment<\/strong> and I hope I can try with real money soon.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Next week I would like to add some of <strong>your opinions<\/strong> in the weekly summary after you read about my opinion about this bear market:<br><strong>Can you send me your expectations?<\/strong><br>Or just comment below?<\/p>\n\n\n\n<p><strong><em>Stay healthy, stay green and thank you for reading my lines!<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you know what I noticed? Too often in the past I expected bullish moves. So, you&#8217;ll know the exact point of trend change to the upside: That&#8217;s when I will write about bearish moves in the coming week. \ud83d\ude42But it&#8217;s not yet the case. Hm, maybe. You can read about my opinion about this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[133,93,141,113,9,144,143,142,129],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>My opinion about this bear market - The Market and Us<\/title>\n<meta name=\"description\" content=\"After a week with a lot of sideways action you can find my opinion about this bear market in this article. 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