ProfitHarvest
Short

[SPX] Can't Break the Megaphone Pattern... CRASH Imminent!

SPCFD:SPX   S&P 500 Index
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:

Comments

Welcome back!
+6 Reply
@JGM0706, B)
Reply
When is the time right for you? When you see a massive sell-off?
+5 Reply
we miss you, buddy
+3 Reply
ProfitHarvest FastShelter
Reply
SPX is heading up towards 3155 level.
+2 Reply
ProfitHarvest QuantRatioDavidYuen
@QuantRatioDavidYuen Not for long.
Reply
z3m25 ProfitHarvest
@ProfitHarvest, Does anyone know how the market typically fairs the week after the 4th? I told myself I'd go 50% short if we hit 3150 today but I'm having reservations. Even if Monday is a down day I feel like I'll get in around 3140 giving me some piece of mind over the weekend. I like your chart Profit Harvest but which movements are you using to trigger your trades? It's nice to hear from you again BTW. Have a great 4th if I don't hear from you!
+1 Reply
@z3m25, No idea, someone is probably covering it on here though.

Things looking bleak for the coming weeks, why do you think Credit Suisse set July 2nd to delist TVIX (RIP)?

Odds are they have deep inside info and know the shitstorm could happen any day after that point.
Reply
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