faboose
Short

2019 - The year of the Benner

FX:SPX500   S&P 500 Index
I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (https://twitter.com/Fab00se/status/10377...)

I think we're getting to the point that things are so bearish , that the establishments are going to do whatever it takes to save this thing, which is only going to delay the inevitable.

2400 Is still on the table for the next two weeks, but I think we're going to see a decent sized bounce form until July 19 after which we'll be back in to Oct where the real blood bath will begin.

Tread carefully~
Comment:

Tweet storm explanation found here: https://twitter.com/Fab00se/status/10838...
Comment: Crushed it - major resistance zone incoming next week. Would not recommend fomo'ing in to the move. Wait for the pull back if you have waiting this long. It's going to seem like this thing can go up forever, that is the point.

Comment: We're still chugging along perfectly. With the Fed speaking next week, and QT is likely going to be a main topic of discussion. I think we're going to see our last pop up, and then start to fade all the way until Feb 15th.

Banks and XLF were an excellent play, most contracts expired yesterday, but still have some 26 for 2/15 I will let ride.

Notable mention - Pot stocks, watch for some retraces in CGC and pick up if you're looking in to that world. CRON is one I have been holding since the end of Dec and it seems ready to move up as well.

Stay vigilant :)

Comment: We did it TV TA FAM :)

Comment: Expecting us to fade until mid Feb - march 1st until shutdown and tariff talks clear up. Top of the box perfectly tapped about 2708 :)

Comment: Here is essentially the prequel to the whole thought process behind this main chart:

https://twitter.com/Fab00se/status/10917...
Comment: Madness

Comment: Still cookin'
Comment: GD this is a thing of beauty. Hope you guys enjoying the ride :)

Comment: The musical chairs are coming to an end https://www.tradingview.com/chart/aBrk4Z...
Comment: Is this really going to go down like this? :O

Comment:

Check this link for updated thoughts
Comment: This is looking more likely by the day:
Comment: Make or break time
Comment:
Comment: Enhance -
Great post! Do you have any more updates? Do you think the top is in or will be in next week? Thanks.
+1 Reply
tracking -

well done
+1 Reply
When I seen your avatars baby face in the message window I thought you going to spoil us with a bitcoin post...what a bummer.. ;-))
+2 Reply
faboose Goldhead
@Goldhead, I will take a peek and do some updating :)
+2 Reply
Hope this will trigger a bull run on crypto.. :-)
+1 Reply
i cant see price movement but i like your idea
Reply
@Ag_12, Thank you, price will update with a new candle every Sunday after weekly close :)
+1 Reply
Nice chart. What about the chances of the rally you describe extending to new ATH? The upward sloping line at the top of the chart could be part of a broadening megaphone pattern along with the bottom line of the channel basically. Something to keep an eye on.
+1 Reply
@voidmu, Your idea is possible with this formation, I didn't draw it however because we saw that type of formation this year so I find it unlikely to mimic the same topping pattern next year. Cheers
+1 Reply
Excellent chart! Keep it coming bro!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out