ProfitHarvest

[SPX] There You Go Folks... Gorgeous 2021 TOP Complete!

Short
SPCFD:SPX   S&P 500 Index
My confidence in this being the top is increasing right in line with the profits from my UVXY call options.

JPow has no incentive to prop the markets with Trump out of power now.

In fact, incentives have reversed. They want this thing to tank hard into mid-terms so they can blame Biden .

What a journey we tracked this beast day by day from that first diamond structure right before the Feb 16th Peak.

These are the moments to live for. I knew we couldn't hold long above the 1.5Y Peak Channel but damn this played out so beautifully.

Thanks to all the people out there feeding in data to dial in this major market inflection.

OG top callers:
markettimer777
glitch420

These guys have been on the case more than anyone and markettimer777 remarkably called Feb 16th peak many months in advance (he also nailed the March '20 low call a year in advance).

Dozens more people were on track here and chipped in valuable data points to paint a clearer picture.

If you've seen me comment on your idea, then your data contributed to mapping this top.

Thanks for all the hard work, keep it up!
Comment: The 5m view is always fun, look at that bounce from the 5Y Peak Channel mid-line right up to our Down Megaphone bottom...
Comment: Trying to retest 3760 here, look for that rejection...
Comment: Like taking candy from a baby...

All those SPX 4k Stonks Always Go Up/Don't Fight the Fed Robinhooders gonna have to liquidate their underwater accounts into close lol.
Comment: Still leaning toward a Power Hour liquidation, momo seems to be dying out a bit here, let's see...
Comment: Our non-fractal dashed line that by chance became a near perfect fractal line for this downtrend is holding up well here and pushing price back down...
Comment: Momentum appears to be dying a bit here but selling pressure still low...
Comment: Breaking back under our fractals at 3760 again...
Comment: Next test 3.6k...
Comment: Nice Higher Low bounce off that fractal, lets see if it can hold...
Comment: Here's the up channel we've now established, look for reversal or break above...
Comment: Got a bit of a reversal and an important downtrend fractal here too..
Comment: We broke above the local down channel trend, next stop is the 1.5Y peak channel mid-line test. A rejection there would form a bearish double top and potentially lead to more downside next week, a move above would indicate that the downtrend has resolved...

Comments

3000th time's the charm.
+3 Reply
ProfitHarvest Imdmagic1
@Imdmagic1, Lol I appreciate all the haters too!

Not about being right all the time, it's about refining the methodology... like inventing the light bulb.
Reply
Imdmagic1 ProfitHarvest
@ProfitHarvest...I'm not complaining or hating, friend. I've been waiting 4000th time. :P This whole market has been a farce. I'm literally happy that some semblance of reality is tarting to take.
+5 Reply
ProfitHarvest Imdmagic1
@Imdmagic1, Haha my bad, yea about time.
+1 Reply
Hello sir, this projection interrest me, because I’m searching to progress in understanding about analytics tools.

One thing I haven’t understood: is it possible to share a template like the same you publish idea?
Thank you for your answer and best regards
+1 Reply
ProfitHarvest tpiguet1347
@tpiguet1347, Click the Megaphone under any public idea and click the 'Make It Mine' button.
Reply
tpiguet1347 ProfitHarvest
@ProfitHarvest, thank you, you made my day

Best regards sir
Reply
Do you think it will bounce up to the top of the megaphone on friday?
+1 Reply
@Gurrel, Possible but more likely we see more red, today was just a starting shock where people realize SPX 4k is out of reach for awhile.
+1 Reply
Gurrel ProfitHarvest
@ProfitHarvest, Damn, I've been bearish for the past 6 months, but everytime i've tried to short, the market has fucked me in some kind of way. And when I finally gave up on being a bear, this shit happens.
FeelsBad. Now I'm just hoping I will get to enjoy this bear ride before it ends.
+2 Reply
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