The chart illustration is that of the
15 Minute S+P 500 Chart, real time.
I wanted to show you this chart unabbreviated with no indicators for one reason.
This is a classic textbook bearish rollover pattern unfolding before your eyes.
Those who caught this pattern early have already reaped a handsome return.
And the thing is,.. there's still time right now to get in on the short side.
The market of course see's all of this, and wants to believe that a compromise
or a slight of hands financial move by the US Treasury Dept. will ultimately
save the US from "defaulting" on it's debt in front of the whole world.
Yes, as they used to say in the 1960's, "the whole world is watching "
I'm gonna credit this update by acknowledging Trader "Daddy Sawbucks" of tradingview.com
who along with other very bright traders, caught this price rollover before it became apparent to the majority.
Mr. Sawbucks today has covered his short bets
and says that should a budget deal be reached,
the US stock market will "rise to the moon" !!!
Think about that before rushing in to bet
the farm on
this bearish pattern in the S+P 500
that is certain to cause a near certain collapse in the US stock market.
Oh really... ?
SPX 2 PM OPEN 4116.65
THE_UNWIND
WOODS OF CONNECTICUT
15 Minute S+P 500 Chart, real time.
I wanted to show you this chart unabbreviated with no indicators for one reason.
This is a classic textbook bearish rollover pattern unfolding before your eyes.
Those who caught this pattern early have already reaped a handsome return.
And the thing is,.. there's still time right now to get in on the short side.
The market of course see's all of this, and wants to believe that a compromise
or a slight of hands financial move by the US Treasury Dept. will ultimately
save the US from "defaulting" on it's debt in front of the whole world.
Yes, as they used to say in the 1960's, "the whole world is watching "
I'm gonna credit this update by acknowledging Trader "Daddy Sawbucks" of tradingview.com
who along with other very bright traders, caught this price rollover before it became apparent to the majority.
Mr. Sawbucks today has covered his short bets
and says that should a budget deal be reached,
the US stock market will "rise to the moon" !!!
Think about that before rushing in to bet
the farm on
this bearish pattern in the S+P 500
that is certain to cause a near certain collapse in the US stock market.
Oh really... ?
SPX 2 PM OPEN 4116.65
THE_UNWIND
WOODS OF CONNECTICUT