ProfitHarvest
Short

[SPX 1D] Don't Fall for the Fed/Big Money PUMP & DUMP Scheme!

SPCFD:SPX   S&P 500 Index
THIS CONTENT CENSORED BY TRADINGVIEW

Sorry guys, looks like my rant yesterday explaining how Big Money and the Fed are running a massive pump and dump scheme got censored here.

Maybe it was too "overtly political" or maybe it was the giant middle finger I drew on my original chart that I pretended was an outlined exclamation point with stars shooting out from it (it was a pretty convincing coverup if you ask me!).

Either way, we're all getting screwed. It's all manipulated. That's the point.

Don't fall for these stupid gap ups.

Thankfully the market seems to get it now, fewer people are fooled and the market seems right back on track to crashing. Especially given the inverse market pricing.

Can't wait for Powell testimony! Yummy B).
Comment: Here's my OG chart idea if you'd like more context...

SPX Exactly on 5 Year Trendline... About to Tip!

Related Ideas

Comments

Repeat of May 1, 2019 coming 3rd week of July. Don't be surprised when we break 2900 and test 2850. You think that is bad, just wait until Feb-March next year when we see 2050.

It is not a coincidence that the market started to over-compensate in August of 2018 (it is very clear if you chart the last 10 years), about the time it takes a new president and new Fed to get their policies in place. Until that point, we had strong steady growth for 8 years with minimal pullbacks and no major crashes. I liken the current stock market to a person who only drives using full throttle and then slamming on the breaks. That compared to the previous years of a more moderate driver that keeps a steady foot on the gas and only lightly touches the brakes. In the end, they both end up in the same place, but one ride is scary and a lot of people get hurt along the way.
+3 Reply
ProfitHarvest Dr_Roboto
@Dr_Roboto, Dude, we'll see 2400 or even 2100 by August this year!

+1 Reply
tuongvy0501 ProfitHarvest
@ProfitHarvest, i hope we can see 1650 by august
+2 Reply
ProfitHarvest tuongvy0501
@tuongvy0501, Now THAT is a bit overoptimistic.

My model says most likely outcome is...
June/July: Crash to 2400
July/August: Crash to 2100
Bounce through election then crash to 1600 sometime end 2020/beginning 2021

But yes 1600 in Aug is plausible too, just much longer odds.
+1 Reply
Elias369 Dr_Roboto
@Dr_Roboto, WELL SAID
Reply
I think this is gonna go up more. With the Feds pumping in money, doubt this will go down a lot
+2 Reply
ProfitHarvest svacharya
@svacharya, 2400-2600 or less in June/July is the most likely outcome.
Reply
My position has been short for a week now. Currently sitting even, risk to reward there to hang on and wait. Soon enough I believe, once we kill off these retail investors popping the market up unreasonably.
+2 Reply
Finswole jsmcgee88
@jsmcgee88, domino effect..
+1 Reply
jsmcgee88 Finswole
That’s my thought. Hang on tight, income inequality will become higher
+1 Reply
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 Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out