DaddySawbucks
Short

SPX Triple top formed yet Another Nenstar / Cyper: Top at R =1:1

TVC:SPX   S&P 500 Index
Just another distracting pattern, can't help noticing these. Eventually by chance one will be confirmed, LOL!

Enjoy and remember this is not trading advice, just another pretty picture, GLTA!
Comment: Shorted the monster based not on the pretty picture, but R at triple top, divergence in RUT.
Trade active: Pushback from R; watch the close!
Comment: She sells!
Comment: Pushed back to the Fibo line EOD and sells off AH
Comment: Well well the Nenstar paid off! Harmonic trading.... bah! Hope anyone made out on this, I took some bank.
Trade active: Shorted this again at 3080, with NQ 10K+; look for an inverted H&S to go long IMO
Trade active: Successfully played Fade the Gap but it wasn't much of a Fade, LOL; moar bulling Tues IMO
Trade active: In macro view, it's formed a cypher around this nenstar, at or near the top of the right arm of 'W'; rollover imminent IMO; shorting here.

Comments

Great modesty but I think as you alluded that these patterns are largely subjective. Price can also easily break through resistance. Its a flip of a coin from this perspective - perhaps.
+1 Reply
@DaddySawbucks come on, I mean, surely... Surely the sharks will eventually eat this ripe market... Right? Either that or they'll get cut up for fish food.
Reply
DaddySawbucks farmerisland
@farmerisland, Yea, sharks, bah! Fish food mostly.
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LOL everything going up and he said that will go down LOOOL ! no sens
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@mohacg, IMO you should mortgage your house and farm, sell your cars and borrow money from credit cards to buy FAANGs at new ATH! GL!
+4 Reply
HAH "Eventually by chance one will be confirmed" I love it LOL
Reply
DaddySawbucks liberatedstocktrader
@liberatedstocktrader, Yes, the Force is not strong in these patterns, Harmonic trading is both frustrating AND expensive, LOL!
Reply
@DaddySawbucks, I still follow you anyway :)
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