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RUDRA007
Nov 17, 2020 4:56 PM

S&P 500 Index Short

TVC:SPX1W
S&P 500 IndexTVC

Description

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S&P 500 Index
Mega phone pattern formation
Currently price is around resistance trend line of Megaphone on weekly time frame,,
RSI bearish divergence :- Price is making higher high and RSI is making lower high,,
Time cycle :- Index is making peaks and lows as regular interval of 36 weekly bars,,,
History :- After every bull phase index tends to fall below the low from where the bull move started,, will the history this time,,
Before 30 nov index should top out,, and initial down fall of 10 to 15% can be seen as the reversal of trend,,, and slowly should pan out in down ward direction,,,
Trend AnalysisChart PatternsTechnical Indicatorsmegaphonepatternrsi_divergence
Comments
dtpurple
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Thank you... this is so worth saving...

I agree that FED is pumping trillions or so to the market... but for how much longer?
Denver_estabrooks
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Feds pumping. Won’t be going down
lamasheen60134
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@Denver_estabrooks, then why do recessions and financial crises occur?
One-World
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Thx for sharing, this scope is kinda similar to 777's, just that we don't know how powerful the Fed's liquidity is.
kishnara
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@piscitear, The difference is he predicted this around December 2019.
One-World
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@kishnara, lol you read it too. I remembered that he mentioned a market low around December, then an extreme bearish period around march 2022.
kishnara
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@piscitear, But with fed pumping trillions of dollars, i doubt we'll ever see a correction in the near future.
RUDRA007
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@piscitear, Can u share link for the view shared by 777's would be helpful
One-World
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@RUDRA007, because of my account level, my posts were removed every time I linked something... but u can search user markettimer777
RUDRA007
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@piscitear, ok thanks
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