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ProfitHarvest
Jan 28, 2021 2:54 AM

[SPX] Treasure Map Zoomed Out... Where Could This Be Going? Short

S&P 500SP

Description

Been awhile since I put out one of these.

Was overdue for an update.
Comments
SLOPolarBear
These posts always frighten me. It's like an LSD inspired roller coaster. Whatever happened to those classic support/resistance lines? :D I'm throwing my money @ $366. That's when I'm buying, unless the market screams sell.
ProfitHarvest
@SLOPolarBear, Yes those are some of the strongest fractals on the map and would have the best chance for a bounce once we get under the dark blue 5Y Peak Channel.

If we get under that though it's open sky, 3.2k seems likely for a bounce. Depends how well liquidity and market breadth holds up through this.

This one is the Acid Trip Model actually ;)...
SLOPolarBear
@ProfitHarvest, LOL. Appropriate title. Whatever generates profit.
poister198
Rofl i'll personally eat all my shoes if it even drops beyond 3700.

Good luck though!

/r/wallstreetbets
ProfitHarvest
@poister198, I'm gonna hold you to that, hope you like the taste of leather!
poister198
@ProfitHarvest, haven't got to taste it since no crash happened from Q2 2020
ProfitHarvest
@poister198, Well you know what they say about stock trading, historical Price Action is always a perfect predictor of future Price Action...
jdgpro
@poister198, I'll eat all your shoes. Last I heard the FED was still all in hammer down.
poister198
@jdgpro, checking back on a sunday night to see, truly enough, 3700 held, futures soaring now.

Hope some in this board bought dips!

;)
ProfitHarvest
@poister198, downtrend gonna continue for a bit.
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