DaChartist

S&P 500 On a Ledge

TVC:SPX   S&P 500
spx
226 17 2
spx
The S&P 500             appears to be approaching a technical inflection point as we approach key fundamental catalysts on the horizon, including Q3 corporate earnings, the U.S. Presidential election, and monetary policy decisions from both the ECB and the U.S. Fed in the coming months.
ProBucks
2 months ago
how is this chart at all meaningful or useful in the slightest?
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DaChartist ProBucks
2 months ago
Ask your Mom- she liked it ;)
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ProBucks
2 months ago
That's dumb. Why post a chart with no value to the reader?
& then proceed to act like a 5 year old when questioned about it?
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DaChartist ProBucks
2 months ago
Why waste time discussing it if it's no value to you? Is this the first time you stumbled across something on the internet that offered no value to you? Do you stop and get into an argument each time you stumble across something that doesn't add tremendous value to your life? Move along, sir.
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ProBucks DaChartist
2 months ago
It's your chart. The least you can do is explain it since it's rather vague...

No one's offended, just asked a question and figured you should be able to explain yourself.
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aime ProBucks
2 months ago
This was the funniest thing on the internet today..Most of the charts posted say nearly the same thing .."It could go up or could go down....I dunno duhhhhh"
Its cool to post charts to give others perspective and insight from other traders...The meaningful part is the fact that he pointed out a possible false break out,which would mean that its time to turn lower or consolidate until moving higher..Now that its been spelled out for you ,do you have anything to add to that
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ProBucks aime
2 months ago
Agreed with the "it could go up or it could go down".

I don't need it spelled out for me. There's just nothing to spell out. Pointing out that it's a "possible false breakout" is obvious, just like a "possible leg higher" is also a in the cards. It's the market... it can go up or down *shrug*.


I understand fully that its importance to define your risk but this analysis provides absolutely no upward/downward/neural bias. It's simply a "chart" that says "i dont know where it's going - It's a COINFLIP"

After the fact... sure, i bet 6 months from now we'll know which scenario played out but with no help from this chart it seems.
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DaChartist ProBucks
2 months ago
How long have you been trading? When the market consolidates into a trading range, what other chart pattern would you expect to see? If you're experienced with realistic expectations, this information alone can be useful. If I, or anyone else, had some additional, magical insight that helped predict which direction, and when, the market was going to move, they would be living on an island with Beyonce, not giving away their unicorn perfect alpha strategy for free to random dipshits on the internet.
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ProBucks DaChartist
2 months ago
Been trading too long & certainly long enough to know the chart is useless. You literally have over a 50% range in your chart lol. wtf?

40% range to the downside and 13% upside. What is someone even suppose to do with that?

You could measure the relative strength & maybe see if theres divergence with the index / do some volume analysis / compare it to the equal weighted index & measure the spread / maybe compare it to the vix? sheesh idk. that's your job. but this right here is not a strategy or even a valuable chart.

A strategy is composed of (1) a hypothesis and (2) several "if this / than that" statements and (3) looking for a result that's applicable to the subject.

Whats the take-away here? That the market has significant downsize or upside over the next year? You could get that info from a Walmart cashier
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DaChartist ProBucks
2 months ago
Oh, you were looking for a hypothesis? Why didn't you say so sooner? Here's a hypothesis for you:

IF you have any respect for our species, "than" please proceed to kill yourself. The sooner the better. GL to you sir.
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ProBucks DaChartist
2 months ago
lol. I would be surprised if you were a 15 year old paper trading and drawing up colorful graphs, calling yourself a trader.

You took an honest question about meaning of your own chart, failed to answer it, and then proceeded to embarrass yourself on your own forum.

Stay far away from "real money" my friend. There's no one to shout out middle school insults at if you lose it being stupid.
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DaChartist ProBucks
2 months ago
Really? How much value were you really looking to get from someone with the name "DaChartist"?
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DaChartist ProBucks
2 months ago
The only one embarrassed should be the guy desperately hoping to find a perfectly defined trading set-up on a charting forum, and whining like a baby when he can't find free money laying around. Go sell some more lemonade to raise another stake to blow out in your 50x leveraged forex account traded from your mother's spare bedroom (I'll be in the next room doing real work).
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ProBucks DaChartist
2 months ago
ROFL... this is what you call "real work"? I had better technical analytical skill when I was 13 trading the $2k I had with my first eTrade account.

This wasn't suppose to be a d1ck measuring contest. I'm sure you have small hands, so we will change the subject.

If you didn't feel the need to be defensive & respond by being an ass, some real content could have came from the taking my original question more seriously.

I'm open to all ideas and didn't originally think "DaChartist" meant you were an air-head off rip, but I was wrong.
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DaChartist ProBucks
2 months ago
I was talking about doing real work on your mother (you know, in the room next to her spare bedroom)...not go great on the context clues are we? Maybe that's why you need someone to spoon feed you the next direction in the S&P 500? Once again, good luck, and seriously consider the aforementioned hypothesis I provided. Good day sir :).
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ProBucks DaChartist
2 months ago
Ha. You're a moron. Have fun paper trading and trolling the industry. We need folks like you out there to take money from
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DaChartist ProBucks
2 months ago
Sure thing, keep makin those ProBucks baby! You'll be a regular Warren goddamn Buffett in no time.
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