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UnknownUnicorn5511258
Mar 2, 2021 6:48 AM

S&P 500 Index (Daily): Technical Analysis, Near-Term Projection Short

TVC:SPX1D
S&P 500 IndexTVC

Description

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Detailed continuation of the idea linked below.

Hoping at least three people tell me I'm wrong.

Before you do, this last "C" count is based on my opinion that it is a terminal pattern with a 5th wave horizontal triangle, so keep in mind that many of the typical rules (mostly overlap) do not apply.

TVC:SPX

Comment

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Alternatively (irrelevantly), you could shift (b:3) over to (2) and start the parenthetical, impulse sub-wave count start where "1" is.

Does not matter, the higher degree count is unaffected.

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Nearly there..

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Updated setup as of 03-04-2021:

Should be a bloodbath.

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Technical Analysis Update: None.

If crypto falls, every other blown-up piece of garbage in the broader market will perish accordingly.
Trend AnalysisChart Patternsshortspxterminalpatternitsoversoon
Comments
ProfitHarvest
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Market is like an I spy game for W’s...
ProfitHarvest
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Oh hell yea, both our charts nailed it.
UnknownUnicorn5511258
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@ProfitHarvest, coincidence? i think not.

its bear time.
pacifiedStar62604
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A very Piggish Play
UnknownUnicorn5511258
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@pacifiedStar62604, was just thinking the same thing. but it may be too late - as the futures just finished the setup above about 2 seconds ago potentially.

Maybe. Who the hell knows lol.
poister198
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Mostly don't agree with bears but market does look exhausted to the upside.

Awaiting some correction but still 4000 by March is almost definite
UnknownUnicorn5511258
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@poister198, eh i dont know man. the dow is the one leading right, which is never generally a good sign. This oil supply-side news may just be the temporary nail in the coffin that decides it for March.

Let's see.
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