Dome Top Reversal Essence is Time Passage/ Degree of Difficulty

SPCFD:SPX   S&P 500 Index
770 17
Pattern suggests price trapped inside a Dome Structure.
Intent of pattern is to keep all participants inside the price structure.
giving neither side immediate gratification, but simply extending the pattern roll.

Too often overlooked, this pattern will highlight a feeling of uncertainty,
as neither side will feel comfortable, feeling they are about to be hoodwinked
by the other, it will likely keep traders on edge for duration.

Ultimate resolution should be a sharp break to the downside,
in time..however it may appear at the time of the breakout
that price is going in the exact" opposite" direction,in this case moving back up...
thus catching the final downside resolution, suggests a very high degree of embedded difficulty.

SPX Last 2670.71

The VIX, DXY, US10Y, XAUUSD, HYG all changed direction on a huge scale about one minute before Kudlow started talking.

Then huge amounts of money went in to shore up bonds. at closing.

It's all a controlled game at the moment.

The US is now clearly trying to emulate the Zimbabwean economy...

At least the US is more multiracial and inclusive, though, having an orange president....
@mstable, Poor schmucks like me have always known that the markets have been rigged, but because the manipulators plied there wares covertly we were able to delude ourselves into thinking we had a chance . Nowadays they don't even bother trying to hide. They trot their Kudlows out during market hours to dispel a rumor that was most likely started in the same office.
The Government is all that's spending... the country's money... as per usual...

Almost all stock, bond, currency and liquidity movements today were clearly caused by Government intervention, probably the Treasury and international friends who now unwillingly cooperate...

Trump supporters will like that, but it's not a real economy or free market.

The US markets are now far more controlled and manipulated than those in China, Russia, Europe or anywhere
else. The Kudlow interview was the final manipulation - mot even a banana republic could make that up!


Your Church post was the best, though... this is the steeple...
I too think we'll see some kind of consolidation here and a retest of 2600-2625...
so far looks like a strong bull... it may break up as well... and if that is the case the Elliot wave guys will be mad.
dragonus LoLBeach
@LoLBeach, Timing is the key for successful trading and I don't think I can trade based on the wave count which is usually loose. There is a saying in Wall Street: Trade what you see, not what you think. Trading what I, you or they think is a sure way to lose money.
LoLBeach dragonus
@dragonus, if you read my statement is hiding exactly your ideas.
dragonus LoLBeach
@LoLBeach, Yes. What I see it's bullish from 30 min, 120 min and daily charts and bearish from weekly and monthly charts.
LoLBeach dragonus
@dragonus, are you sure about all what you said ?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out