Teklologist
Short

SPX: Trading the Pythagrorean dilation

SPCFD:SPX   S&P 500 Index
Short based on chart.

A sure bet when trading it in four dimensions but risky when only in three. Since this is a four-dimensional dilation pattern it suffers from relativity and uncertainty: do your best to account for price momentum when determining your position.
Comment: All of a sudden I’m restricted from viewing real-time SPX data. I’m told I must either log out or purchase an additional package to view it. Anyone else experiencing this?
Comment: Also, shared this in a comment so I’ll share here.
Comment: It’s also worth keeping an eye on the euro. Many many euro-based spx constituents. Since I can no longer access Spx, checkout spy/eurusd.
Comment: Eat Bart’s shorts, man!
Comment: Sucks chart won’t update since TV pulled SPX data. Looks to still be in both the rising and broadening wedges with much bearish divergence.
Comment: Monday might be the day. Price is in real make or break zone. Be ready!
Comment: Here’s how ~3000 could still play out, also following main chart.
Comment: Though, that bottom trend line is speculative. Could also look like this
Comment: 5 might have not topped yet. It’s a ‘black swan’ event. There’s a wave 5 extension with an inner sub-wave 1 extension. Therefore corresponding sub-waves 3 and 5 are both less than sub-wave 1. Since sub-wave 3 was ~.382 and can’t be shortest, sub-wave 5 can’t be more than .382 sub-wave 1 length or count is invalid.
Comment: Easier to follow.
Comment: Larger megaphone with same result for your pleasure.
Comment: Still eyeing potential top between 3015-3055.
Comment: I'm considering that the megaphone completed and is heading down now, with the top already in. Historically, it appears price can pass through bounding lines and in some cases not even touch. Best to keep our options open.
Comment: Also, looks like SPX is in a leading diagonal down.
Comment: If price drops below 2805 then statistically there’s a 53% chance of it dropping below the ~2009 ascending broadening wedge, which would be disastrous.
Comment: Old trading idea based on price drop. Figured I would share it here also.
Comment: My confidence is gaining in that Spx is in ABC correction of a cycle Wave 3.
Comment: I might eventually publish this as a separate idea.
Comment: Short term target.
Comment: Also, here’s a potential TVIX play.
Comment: Here you go.
Comment:
Comment: Last update on this today, I promise.
Comment: I lied. This is better than the chart I just posted. Shame I can't delete previous updates.
Comment: I might have miscounted some waves. Wave 5 might have an extended sub-wave 3 and truncated (based on Fib channel) fifth as depicted here.
Comment: Possible HS playing out. Price can’t go much higher and this Shoulder’s volume needs to stay lower than Head’s volume for it to remain valid. Completes if price breaks lower than neckline.
Comment: Price shouldn’t go much higher*. There are cases where shoulders are lopsided.
Comment: Looks to me like a developing extended Wave 1 leading diagonal down. As shown, the second downwards move is almost equal to but slightly more than the first one. Were this an ABC correction during uptrend then C~= A with small B, which is unlikely. More likely is a sub-wave 3 ~= sub-wave 1 with large sub-waves 2 and 4 and overlapping 1 and 4. This would indicate an impending large sub-wave 5 to end leading diagonal Wave 1.
Comment: Oops. Can’t believe I’ve never shared my ‘recession chart’. Here you go.
Comment: Possibly bearing witness to an unfolding EPIC BART.
Comment:
Comment: Sure can close to calling that top precisely! Here’s a related idea from today regarding top and drop.
NOOOoooo , not the last , i am rooting for the candle sticks to hit that peak !!!!!
{ then drop ] , lol
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@G13Man, Haha, I only mean for today not forever. Though, I've already updated it once more.
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@nilvrypto check my recent update. Has tvix wedge patterns I mentioned. Only a chart though.
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Great chart, like the patterns associated.

Also, I'm restricted from seeing spx aswell.

Seems to be no issue on other charting sites..
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G13Man leftey
@leftey,
SPX500
?
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@leftey, thanks. My recent update opened my eyes to using Renko. Looks like it's very useful.
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+1 for new take on mid point with geometry
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@G13Man, yes, I’m glad someone noticed that.
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2990 - 3040 For Wave D top?
When you draw lines on these things 50 point difference is kind of small on the big picture.
considering theres a good possibility of a 800 ish point move to the downside.
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@ecramer, as charted the jackpot target is 3015. However, I won't be surprised were heavy resistance or truncation encountered near the other indicated prices. Please share the link to the other site either here or via private message.
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