Some things to note about this particular analysis, should it hold up this week:
a) The green vertical line signifies the exact midpoint at 9/24/2020. Recall that this exact date was a major inflection point to the upside.
b) The entire ending pattern ("rally") since March 23rd, 2020 will have been exactly 53 calendar weeks; this is a fairly well-hypothesized cycle/periodicity
c) The end of the pattern would solidify the conjecture that it is a terminal impulse/ending diagonal pattern. This is significant because it implies the completion of multiple cycles of varying degrees. Moreover, it suggests a very sharp decline, with immediate targets below 3850 and 3495. Such well-defined short ideas have been few and far between over the life of the rally.
Ultimately, should this fall within the projected price/time parameters this week, then prepare for a dynamic shift in market sentiment accompanied by some of the most violent selloffs ever recorded.
And then of course, there is always the possibility that we have already reached the top and are currently about to selloff via the futures market.
Would be kind of sick in the head since most people are completely trapped in this spot.
Would also be a little bit funny and will take it even if my weekend-held position is a bit smaller than id ideally want.
Let's see if this is a pullback or the start of something much bigger.
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It would appear that either the top or the second to last top is in..
Do what you will with that, I guess 🤷
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Well, it is a good thing that I can stay liquid longer than this market can stay rational - up until 4/20. If there is still no severe selloff by then, I'll be more open-minded to longing something. Will also be smoking the best weed five dollars can buy.
Updated for potential higher-degree wave targets:
Ghi chú
Ghi chú
*Irrational^
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Alright, here's my final top call on the S&P (Futures):
Price: 4102
Date: 4/8/2021
Time: 9:00 P.M. ET
Which means I'm saying it is in. If not this time around, I'll give up on the count/analysis above for the time being. Should be it tho.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.