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DaddySawbucks
Nov 17, 2022 1:51 AM

The Crown Short

TVC:SPX60
S&P 500 IndexTVC

Description

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Crowning again. Top looks like June H&S before the swoon. Christmas Crash again? 2018 redux. Not betting on Santa this year.

Massive gap to fill, a gap down will leave an island reversal. probly not a great time to get long imo. Cash is a good position.

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Odd shoulder imo; Kind of depressed. Might be one bull up left in it, Fridays have been bullish for a month.

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JN this odd shoulder occurs BENEATH the neckline. Hmmm... what does it mean? Dump coming IMO.

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Another Gap & Crap. Daily now. Short on open add if it lifts, wait half an hour.

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FLipped 140 daily puts for +2200$ Im out! CLose if u got em.

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Took 285c, 399c on etfs and closed em atm. Went bit higher ITM, lol who knew? Close em now if you're long, set up for rug pull EOD

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Meltup fgs. End is near IMO, post-holiday week beware!

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Shorted double top EOD. Turkey Time, enjoy!
Chart Patternscrownpatternhead_and_shoulder
Comments
dRends35
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The bears are back in town.
dRends35
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200MA just above.
DaddySawbucks
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@dRends35, aye, rejections there
lauralea
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If that is another H&S pattern, the price is close to the RS. THX
dRends35
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Gap & crap :'D
JoeChampion
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Good view!
lauralea
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i did not see the HS pattern/i need to re-eval
bluespark96
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This almost looks to easy...like everyone would be seeing this. Makes me think one more leg up to get rid of weak short hands? Just a hunch. Best to be flat I think.
BeshellO
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Thanks for update. Always good information. Most likely consolidation for this week and next week. Could close high. Today's chip business NVDA was good. good excuse to pull up.
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