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ProfitHarvest
Oct 20, 2020 11:34 PM

[SPX] Price Walking Along 6W Downtrend.. Stuck Under 7W Peak DT! Short

S&P 500SP

Description

Dangerously close to entering into crash mode if it doesn't figure out a way to recover.

TView's most dedicated crash timing charters @Glitch420 is already callin this as the start of the crash and @markettimer777 thinks it needs a bit more downward momentum still to trigger.

Please recall some of the words from my prediction last week:
"If Price breaks under this rising wedge and can't reclaim it and then under the 6W peak downtrend (white), we're in store for a bigger pullback. Not expecting anything major till at least the 26th though."

Broke under the megaphone top (light blue) and local S/R (magenta) solidly as well.

Every support we break under from here on out should be increasingly harder to break back above.

Trump all but guaranteed the most chaotic possible election scenario. People are worried.

Plus COVID 2nd wave ain't nothin to sleep on.

Comment

Nailed it B)
Comments
davidismyname
What on earth... Oct. 26 - right side of white box... jaw on the floor...
ProfitHarvest
@davidismyname, Nailed it B)
Brain_haddin
Nice idea....+
ProfitHarvest
@Glitch420 @markettimer777 <--- These guys are pushing the bounds of market prediction.

Cheers!
planetshhh
@ProfitHarvest On what grounds? Glitch I might understand, but markettimer just makes cryptic posts with practically zero explanation of what methodology is being employed.
ProfitHarvest
@planetshhh, lol didn’t know my picks were so controversial!

Dude called March 22nd 2020 massive bottom on YouTube a year before. I checked it out and been trying to decipher ever since.

Glitch is exploring the fringes of Hyperspace and bringing back entirely unique nuggets of data to share with all.
farmerisland
@planetshhh, look him up on YouTube at brschultz and his "cryptic posts" won't seem vague.
planetshhh
@farmerisland, Thanks, will do.
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