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ProfitHarvest
Jan 6, 2021 4:26 PM

[SPX] Megaphone Lines Holding STRONG... Breakout or Collapse? Short

S&P 500SP

Description

Either we're heading to the top of the 1Y Peak Channel or collapsing back down from here for a bit.

Price got stuck right on our Megaphone lines from weeks ago.

Comment

Damn these megaphone tops are more reactive than anticipated!
Comments
dark_nebula
It will either go up or down
Nostradamus, 2021 AC
GreenCandleTrading-GCT
I AM PISSED OFF MAN!!
dark_nebula
@GreenCandleTrading-GCT, u are useless, calling "markets will collapse" while they go ATH. Go play Tetris better, dont trade
davidismyname
@dark_nebula, markets just spiked above a 10-year trend line so going higher is pretty absurd. Calling for more ATH is the irregular call.
dark_nebula
@davidismyname, markets are famous of being irregular. They just do the opposite of what most people think, included "good traders". So you either go with them or you lose a ton of money, like our friend greencandle did. That guy is a scam not because he lost a lot of money from bad trading but bc he took a lot of people with him by giving bad advices
davidismyname
@dark_nebula, people calling for more ATHs have no standing to rudely criticize those with ideas of market normalcy.
dark_nebula
@davidismyname, most of people call a collapse, not new ATHs. When they will do then it will go down.. :)
davidismyname
@dark_nebula, that seriously & accurately describes how unsuccessful the last year has been for me :) And now as my psychology starts saying it's time to be a bull, it'll surely crash hard. :)
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