Trump thinks his daughter is HOT, and I am SHORT on SPX
Updated
Dar_klords Daily Update
Ticker:
SPX
Rating: Sell Short
Driver 1: The white dotted lines on the chart represent the two current major levels of resistance. Both of which are supported by a double bottom.
Driver 2: The pink line shows us another double top, also a bearish signal.
Driver 3: The green line shows us a critical point in the True Strength Indicator. I would make the argument that a move breaking that green line on the downside could send the index
Driver 4: The solid white lines show us where a descending triangle is printed. A break resistance in solid white would most definitely lead to the formation of a cup to the last and largest driver
Driver 5: Large cup and handle on the downside. If a handle prints as a result of a break on the descending triangle we will most definitely see new lows.
Why is this a critical point in the market? Well first off the PE 10 (Market multiple price to earnings ratio) is trading at around 32. This shows us that the market is overvalued equities. In fact the last time we saw market multiples of this level was around 1995 during the dot com bubble. The Tax Cuts and Jobs Act has overheated the equity's market through over optimistic investor sentiment, share buybacks, and ultimately tax deduction reliant balance sheets.
That’s all for now,
I will update throughout the day for you plebeians
This baby's going down
-Dar_klord
P.S suck my balls
SPX
Ticker:
SPXRating: Sell Short
Driver 1: The white dotted lines on the chart represent the two current major levels of resistance. Both of which are supported by a double bottom.
Driver 2: The pink line shows us another double top, also a bearish signal.
Driver 3: The green line shows us a critical point in the True Strength Indicator. I would make the argument that a move breaking that green line on the downside could send the index
Driver 4: The solid white lines show us where a descending triangle is printed. A break resistance in solid white would most definitely lead to the formation of a cup to the last and largest driver
Driver 5: Large cup and handle on the downside. If a handle prints as a result of a break on the descending triangle we will most definitely see new lows.
Why is this a critical point in the market? Well first off the PE 10 (Market multiple price to earnings ratio) is trading at around 32. This shows us that the market is overvalued equities. In fact the last time we saw market multiples of this level was around 1995 during the dot com bubble. The Tax Cuts and Jobs Act has overheated the equity's market through over optimistic investor sentiment, share buybacks, and ultimately tax deduction reliant balance sheets.
That’s all for now,
I will update throughout the day for you plebeians
This baby's going down
-Dar_klord
P.S suck my balls
SPXTrade active
Step 1 Long the bullish falling wedge on the resistance break.
Step 2 Short the double top and watch zuckerberg and his buggy eyes get grilled by congress while i smoke a woods. ALL SMUSH YERD
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