I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (twitter.com/Fab00se/status/1037716495697170432)
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going to delay the inevitable.
2400 Is still on the table for the next two weeks, but I think we're going to see a decent sized bounce form until July 19 after which we'll be back in to Oct where the real blood bath will begin.
Tread carefully~
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going to delay the inevitable.
2400 Is still on the table for the next two weeks, but I think we're going to see a decent sized bounce form until July 19 after which we'll be back in to Oct where the real blood bath will begin.
Tread carefully~
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Tweet storm explanation found here: twitter.com/Fab00se/status/1083889118269050880
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Crushed it - major resistance zone incoming next week. Would not recommend fomo'ing in to the move. Wait for the pull back if you have waiting this long. It's going to seem like this thing can go up forever, that is the point.Note
We're still chugging along perfectly. With the Fed speaking next week, and QT is likely going to be a main topic of discussion. I think we're going to see our last pop up, and then start to fade all the way until Feb 15th.Banks and XLF were an excellent play, most contracts expired yesterday, but still have some 26 for 2/15 I will let ride.
Notable mention - Pot stocks, watch for some retraces in CGC and pick up if you're looking in to that world. CRON is one I have been holding since the end of Dec and it seems ready to move up as well.
Stay vigilant :)
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We did it TV TA FAM :) Note
Expecting us to fade until mid Feb - march 1st until shutdown and tariff talks clear up. Top of the box perfectly tapped about 2708 :)Note
Here is essentially the prequel to the whole thought process behind this main chart: twitter.com/Fab00se/status/1091760471902957569
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Madness Note
Still cookin' Note
GD this is a thing of beauty. Hope you guys enjoying the ride :) Note
The musical chairs are coming to an end tradingview.com/chart/aBrk4ZAM/Note
Is this really going to go down like this? :ONote
Check this link for updated thoughts
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This is looking more likely by the day: Note
Make or break time Note
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Enhance - Note
It's starting to unfold - follow the story here - twitter.com/Fab00se/status/1164928002100203520
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.