The End is Near! Turmoil is already priced in! Resistance is Futile!
Shocking, I know! Thankfully, I've figured things out for all of us in the nick of time.
Sitting around this evening, while smoking copious amounts of cannabis I suddenly grew exceedingly uneasy about the uncertain future of our economic state. Well, after a few more rips of the pipe, consoling with my tarot cards, and just the right amount of personal bias, I have it all figured out!
To help validate my position, I've drawn this chart with beautifully colorful lines , creating indicators that show just how right I am.
it became so evident when I put all the pieces together. Whatever the Fed, the Treasury and all the banks have planned up their sleeve with their magic money printer, it will remain unclear.
Logically, one would think the next few weeks will be rampant with deep red candles. Everyone shorting even the most promising companies. Massive selloffs across Global Markets. Quickly sending our once great nation into a turbulent state of unrest, the likes of which we have never seen! Something akin to Steinbeck's 'Grapes of Wrath'
And it all starts with this seemingly simple trade idea.
SPY to 185, by the end of June if not sooner. But, naturally, there will be deep squeezes occurring roughly every 10days or so along the way. This is to ensure that absolutely anyone actively trading gets rekt either way you play it.
My only advice at this point would be to short the hell out of $SPY and simply head for higher ground (#notfinancialadvice)
Be careful out there. Before things get better, they're going to get worse. and before that, possibly even worse-er
Thanks for checking out my idea, and God Bless
Apocalypsenow
Doom and gloomUuuhm..
Is nobody noticing this like at all?
Patternwise doesn't that look like pretty much the worst thing in the world?
I don't know much about the fundamentals of american economy (or about economy in general lol), so maybe everybody is just relaxed because of reasons that i don't understand, but from a pure TA point of view looking at the chart, shouldn't you be crapping you pants at this point as long as the S&P 500 doesn't break that line of resistance decisively?
Granted if that huge pattern gets violated and nullified with a break to the upside these levels could be amazing entry points to a mega parabolic year long bull run in US stock markets, but as long as it is still not really escaping this huge bearish pattern, aren't you guys even a little scared of this huge ancient 30 year old resistance line??
Potential Double-Top in Both the Mid and Short-TermMore of an update to my last S&P 500 chart than a chart in its own right, I've left out the drawings already in the previous one. Looking at today's trading, a very short-term double-top looks likely (probably more of a retest than a double-top really). This could in turn confirm the slightly longer term double-top (triple-top?) that's been forming over the last few months.
We're going to be over a weak area of the cloud by the end of the week with the Stoch RSI oversold and a slight bear divergence in the RSI. There's an ambitiously precise forecast here; I don't have much reputation to lose, so why not? Just going on the difference between the intra-top support and the tops, I've predicted a downtrend to 1623 - again, purely speculative.