It's simply too late to short. With SP500 down 11%, QQQ -13%, IWM -15%, since their 12/30/2015 high, it is simply too late. If you believe that this will be 2008 all over again, chances are high that you might get an opportunity to short at better prices. As you can see in the chart below, 2008 started with a 14% decline that was followed by a 10% dead cat bounce that led to some sideways action.
The largest rallies have happened in bear/corrective markets that are below the 200-day moving average as you can see below:
Be patient, you will get your chance.
Frank Zorrilla, Registered Advisor In New York
If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."