After a 217% and two year rally, our long term system is calling the $Lemonade, Inc.(LMND)$ Bull Cycle Over ❌
The monthly BX has turned red. That tells me institutional strength is being pulled from this setup.
When that happens, we do not fight it. We step aside.
I want to be clear about what this is not. This is not a short signal. I never look to short positions.
This is simply the system telling me the criteria for a long term hold is no longer met, so I stop holding.
No drama. No guessing. The indicator flips, we move on.
My worst case downside expectation from here is $35 to $40 over the next 3 to 4 months. I am not trading around that. I am just watching.
When the monthly BX shows buying pressure again and the bull cycle criteria is met, I will be back in.
That is how you ride the next wave without getting caught in the middle.
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