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[SPX] Market Treasure Map: How We Get to 1550 in 2022!Prepare for a wild journey my friends! B) Coronavirus interrupted a massive 4-5 year Head and Shoulders pattern in the middle of the peak to create a Frankenstein Head and Shoulders Doubletop Megaphone pattern... a.k.a the MegaHead and Double ShoulderPhoneTM pattern. Now Price will fall back around left shoulder levels around major S/R. Coronavirus just sped up what was already in process... the 4-5 year pattern that fundamentally aligned with the expectation and likelihood of an oncoming recession in 2021 pre-COVID. So that pattern will be cut short and peak around the New Year. It is at this point... after the default (mortgage/auto/college), eviction, real estate and virus crises culminate in an ultimate crescendo (and maybe a banking crisis as well if we're lucky!)... we will steadily drop to ultimate market bottom in Spring 2022. We are in the midst of a massive bubble brought on by tax cuts for the wealthy and Big Business and the following massive Stock Buyback and Wealthy People Liquidity programs. Many big name trader people and a fair number of TView commonfolk have been calling for 1400-1600, even some exactly calling 1550 right at the strongest trend convergence point... I think this is a snapshot of some of the data they were basing those predictions on. The difference is the data is now revealing a potential period in time for this bottom. The red lines represent the top of the 38Y trend channel with a bit of overshoot. The purple line is the is the 38Y Market Baseline Trend. The magenta (?) horizontal lines are the strongest 20Y S/R channel and capture the 2Y peaks in both 1999-2000 and 2007-2008 and the 2011-2012 period. The white uptrend line is the strongest S/R for both those previous peaks and coincides exactly with the predicted bottom of the Megaphone pattern. As is typical with this pattern when it reaches the end, Price will fall even further below and be caught by the strongest 20Y S/R and 38Y Market Baseline Trend all converging with a major downward S/R (other white line). I think the gravity of this point on the market map is very high and the depravity we've seen our society degrade into will finally become too great to ignore and reach a breaking point. Sacrificing the People at the alter of Profit gets you some quick wins for the first few decades but it can't last forever. What is to be rebuilt, must first be torn down.
SP:SPXShort
by ProfitHarvest
35
Classic Diamond Top Reversal Pattern Forming - MUST READ!This is a classic diamond top reversal pattern. As we have now closed the Feb gap we start to go down finally. We will then bounce around within the diamond before finally heading down to our Buy Zone which is measured by subtracting the height of the diamond from the estimated break down point. Amazingly this point coincides with the green long term support line formed by the support created at the bottom of BOTH the 87 and 2008/09 Market Crashes; AS WELL as the green dashed resistance turned support of the Dot Com and 2008 Market tops!!!
TVC:SPXShort
by Corrupt_Economy
2
SPX and the Covid Death Numbers Part IIPreviously I looked at a potential "bullish" MACD cross on the Covid death numbers. Its been about five days since that cross has been established and I have added the Rate of Change to the death rates with an estimated path if the ROC continues as if it were a deep saucer formation. The deaths are going chart is going to be on the standard (non-log) scale for one main reason... I think the reported deaths will be going vertical again on this scale and it will resemble a tangent curve from trigonometry when viewed as such. The rate of Change is going to be on the log chart to provide detail. The MACD histogram for SPX on the 1D is showing a lot of hidden bearish divergence since April. This is a very technically weak place for the broadest based index fund for the United States, which means that the whole damn world is in a sticky spot technically. Below we have the charts for Florida, Texas and Arizona which where the new hot spots were being reported. All three of these states are starting to look like the next leg is upon us and the tangent curve will be coming shortly. Below are the death charts for India, South Africa and Germany, which are some of the biggest dominoes that can fall in their regions. There are always issues with disparate reporting standards but all three show rate of change curves that are starting to either flatten out or turn up. Please review some of the linked posts for more bearishness.
Editors' picks
AMEX:SPYShort
by This_Guhy
53
S&P Starting to show stress (9 Season Rainbow)The Nine Season Rainbow, by some sort of black box logic unbeknownst to me, is starting to show stress similar to when the dump happened in February. The Purple box shows the signal was in on the lower time frames and the EMAs quickly crossed bearishly. From there the spill was intense and the 48 period EMA was very controlling n the way down, locking in the first bear trap around $2100. The orange box shows where a wedge and another sell signal on the Rainbow triggered and I have to admit, I played this for a small loss. I was in the money and didn't trail my stops down and when I got no where near the performance I was expecting I had to close for that L. There was a similar signal at the apex of that wedge that I let go by and I am currently in SXPU as of the beginning of the fuscia box. The open of 2020 has been support and resistance for about seven months and I am betting that it will continue as resistance. The Covid deaths in the US are picking up (please see the linked post for that) and now the 9Season Rainbow is showing a potential roof is in. The rising wedge has turned into a double top but despite any resilience in that formation it is still setting a lower high from the purple box. If resistance is clearly broken then there is only blue sky upside but that is still a minority position of mine.
FOREXCOM:SPX500Short
by This_Guhy
1
[SPX] Can't Break the Megaphone Pattern... CRASH Imminent!I just couldn't resist guys, I mean c'mon... today it perfectly settled on my top Megaphone pattern line prediction from weeks ago. What a TView post bait. Every bar above this line since June 9th is red. It can't hold above this to save it's life... shit is crashing down soon. Where else it gonna go? #SPXSideways4Life Coronavirus panic round 2 and/or dismal Q2 is most likely crash trigger at this point. You'll see me back around on the regular when the time is right B). OG Idea:
SP:SPXShort
by ProfitHarvest
25
🤔 Crunchtime! (SPX)💰 LET'S GET INTO SOME SPX 500 ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷 Neutral - 3day Chart - Candle Doji Compression - 2/3 EMA DOTS Red Is corona wave 2 on it's way? I hope so lol. This week will tell us some critical signs to take with us in the market next week. Stay alert as we could be experiencing early signs of trend change. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
TVC:SPX
by UnknownUnicorn2319099
6
[SPX 1D] The Future in Focus... 2020/2021 Treasure Map!I mostly just want to hang this trophy on my wall by this time next year B). This is the picture the data has painted. I'm just the messenger. There is a good chance I am off but this is looking like the most likely scenario here. We're way above the 1 and 2 decade trends with the half decade being angled much higher. We're in the middle of a massive correction and it will way overswing downward once the megaphone pattern ends and we start the 5 year trend growth trajectory over from a much lower position. Sow your seeds and harvest your stocks wisely!
SP:SPX
by ProfitHarvest
[SPX] Prepare for the BIG CRASH... Indicators Are Truth!Ok, getting back to basics here guys. Enough with the snark haha... for now. Leaving my March crash repeat setup here just for comparison, not as an expected path or trend. Volume will still be interesting to follow here. Holding pretty close so far! This little crash definitely took some pressure off RSI but it's clear we're still well in overbought territory here. Stoch is always more sensitive, in a real crash they'll all go down in unison (see late Feb RSI). ADX was juiced to pop through ROC and DPO as they crashed down but we got a fakeout. Still prime position for a crash. DMI hardly fooled by this, still locked and loaded for a crash. MACD has plenty of downside room, we'll likely get a deeper extension in the red before it goes green again. TRIN is just fcked...
SP:SPXShort
by ProfitHarvest
34
[SPX 4H] Price Trapped Under Support, TRIN to SELL Upchannel!Wild day! TRIN moved to almost exactly neutral but at the end of a megaphone structure while transitioning into a wide upchannel towards PANIC SELL this is very bearish. At this point, if it flips back above 2 (assuming the structures hold, this is increasingly likely with each passing day) the market is likely toast and crash/panic selloff/programmatic selloff will ensue. Average of entire megaphone is right on TRIN SELL line. Also very bearish here. You know, I probably sound like a PERMABEAR on here but there's still just basically no data supporting any kind of Bull case. I've sought it out every day for weeks now to no avail. There are a COUPLE fair Bull cases out there (that make a lot of aggressive assumptions about the market) but they look so damn weak when weighed against the reams of data supporting a market crash this month. I'm more like a Lion... just waiting patiently for my opportunity to rush in for the KILL!
SP:SPXShort
by ProfitHarvest
10
[TVIX] Almost Exact Same Setup as Early March!Ramp angle is flattening since March, which is a great sign and matches almost exactly to the yellow ramp angle before the spike in March (I copied it over directly). Volume roughly on track to match March spike too. Fed unloaded one of their big news items today: markets.businessinsider.com Yay! More corporate bailout to keep the FOMO pump alive! Barely made a dent though haha, especially in the inverse markets. Law of diminishing returns and such. Lets see how Papa Powell, loyal stooge to our Complainer in Chief, handles some congressional grilling this week!
TLong
by ProfitHarvest
20