ProfitHarvest
Short

[SPX 4H] Price Holding at Resistance... Can't Clear the Gap!

SPCFD:SPX   S&P 500 Index
My 'No Man's Land' idea still holding up quite nice here!


So is my 'June Crash Map' (still got a couple weeks for this to start lookin real sick B) )...


My resistance lines from weeks ago still holding up nicely here.

Massive TRIN upchannel still looking beautiful... keep an eye for a pop over 2!

I don't see what could move this higher by EOW. Fed/Media/Big Money already blew their load Monday to little affair, they only moved it up by one resistance line and still got trapped at Island Reversal gap.

Law of diminishing returns kicking in much harder than they probably hoped.

Data science and financial logic is finally dismantling the FOMO. Market will crash within days, not weeks at this point.

You're insane if you're going long into July. Period. Odds and Risk/Reward way out of your favor here.

Happy harvests!

Comments

Good job
+1 Reply
The after hours price dipped just below that top red line of resistance. Hopefully it sticks and drops further.
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Picked up several short positions today; longing VXX, shorting XRT and FNF. I picked up a single SPY call expiring in 2 weeks.

Everything was red by the end of the day. If I wasn't such a gambler, I'd sit out in cash.
+1 Reply
ProfitHarvest tuparkshakur
@tuparkshakur, Lol gambling is easy when the odds are this far in our favor!

Dude... check out that TRIN spike!



This shit always bounces around after close so not likely to hold here but it is ominous as fck!

Big Money is panic selling hard right now lol.
+1 Reply
KNUTWILLIE2U ProfitHarvest
@ProfitHarvest, that is a crazy spiker!
+1 Reply
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