I Hate This Stock Market

Let me preface everything in here by saying how I have not been trading my entire life - only since 2017 (so basically I'm very much a Johnny when it comes to holding any weight on what's going to happen next) - but I am an observer, like any other trader, that is well aware that today's action happens all the time, until it doesn't. I am still very young, comparatively speaking, to everyone else talking about stocks on the internet, so I figured I'd put in my two cents today. 

I hate the stock market.   Every FOMC meeting since June, the market has first faked to the downside, then when Powell begins to speak, every single laughable stock shoots up by at least 2-3%. It's laughable how predictable this is, yet every time I think it's "going to be different this time".

Well before today, the market has been in a dick-rising uptrend since pretty much the end of October. To say that I'm furious would be an understatement; but I'm stubborn, and that may end up being my eventual downfall. Just give me a couple more weeks to make some more horrible trades and I'll fill you in.

(okay, it doesn't exactly resemble an erect penis; there's a little sinusoidal wave in there through the middle of December, basically serving as a head-fake to the bears like me out there)

This trend of higher lows, and what I see now as a new short-term high being met, does not bode well for the bearish camp (which I've become a supporting member this past year). I've been looking at many other technical indicators - Bollinger Bands, MACD, RSI, EMA aggregate crossovers, Squeeze alerts/rotations, HHLLs - all of them pretty much agree with the bullish sentiment that everyone's been aping over. I even knew it myself way back in October, but I was more willing to follow what the crowd was thinking rather than follow what my charts were telling me. Everyone was seeing the new low on the S&P 500, but I saw an RSI below 30 and a HHLL bullish crossover. Unless there was a bullish fake-out from the lows, I was better off at that time by cashing out and not chasing the greed.

I may have be rambling and bitching a bit here, but long story short, I tend to be the most vulnerable to massive losses when I feel most confident in my trading ability. On the other hand, I am best suited to massive gains the day after I'm ready to throw in the towel - which leads me to this very moment: I'm ready to throw in the towel. 

There's nothing but upward movement from here - SPX to 4500, QQQ to the moon, Bed Bath & Beyond out of bankruptcy! - okay, well definitely not that last option, but I just wanted to say that this has been a horrible couple of months being an equity bear. At the same time I'll only be making the switch over to the bull camp when I see inflation is at or below 2%, housing prices crater down to pre-2020 values, and society actually starts depending on an individual stock's fundamentals rather than what the clown Fed Chair is going to say every month - you know, like before 2007, I've heard.