Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users.
So did I see it right? First a Christmas rally retracing 61.8% and then the drop....? Happy holidays Phil and everyone else :-)
Trendhopper
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We are gonna fuck it,,,haha. very good observations
ReallyMe
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I've been fiddling with the curves a bit more and now I think I know better what's been going on:
ReallyMe
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Check out my recent idea
kurochig
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Great idea and comparison, love it!
The scale on the left side was days, so the whole scenario played over 4 weeks or so back in 1987. Now, we're on a weekly scale and we built divergent tops over 9-10 months and falling from it for nearly 3 months. The rest of the scenario seems about to take another 6-12 months, if we keep time proportional.
NQ95
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if the SPX would fall so violently, would you expect all markets to fall of a cliff also, even gold and silver, because of the sheer panic?
UnsungTraderTV
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<whisper> We can see the year on the left bottom of the chart. Maybe cover that area with the TV favorites box next time =)
silverleafy
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lol very interesting trade im looking forward to see how it will play out
CrezyDogsBarking
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I loved it so much I can't even explain - especially the "Oh, fk!" part out of nowhere lol.
ErwanBooca
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Thanks for the pertinent analysis !
Would you recommend to open a short position ?
If yes, at what price would you open the position ?
Cheers !