TradingView
ProfitHarvest
Dec 4, 2020 1:42 AM

[SPX] 4x Rejections In the ZONE... + Our First ATH Structure! B) Short

S&P 500SP

Description

5Y peak channel top wasn't havin it these last few day's rejecting Price four times.

White is the current peak Price Trend pushing up into this Resistance from the 1M RW structure we see the tip of here.

Now we're trapped in a 3D box, if we break this thing and cross over the top of the 5Y Peak Channel I'll long this nonsense to the top of this 1Y Peak Trend channel and bail right as liquidity starts softening right before it crumbles into pieces.
Comments
Mars-james
Nice idea
UnknownUnicorn5511258
cows... smh. anyways, this is probably going to hold up nicely. well done sir, even if it does move above it, this will be the right basis for measuring moves down once the top finally notches (if not already).
yupyupyup
stubborn....so many fake outs and mini pump and dumps.
unicow
By 4x you mean SPX 4K! Lol
UnknownUnicorn5511258
@unicow, nope! he means something else!
unicow
@Perma_Pig, :-) I’m chomping at the bit here long SPXU and UVXY
UnknownUnicorn5511258
@unicow, had a feeling, but couldnt pass up a cow joke in this situation. Its ironically hard to find humor these days in such a silly market.
unicow
@Perma_Pig, I know, right! This market is silly. But I’m determined to drink the bull blood when the bubble goes pop!
ProfitHarvest
@Perma_Pig, The market is enough of a joke as it is ;)
More