I was told to provide meaningful analysis.
This is not that.
Its just some similar patterns, similar structures, and a bunch of upside price targets IF the market can stay bullish and not head back down (likely bringing SDC with it)
If you trail this and put your life savings in some 30 dollar october calls I cant help you. May I recommend a roth IRA?
Final update I think, This is an update from the one in March 2019 where I originally posted this. I am long from here with no clear stops. Be careful of your positions on your own.
I am buying long oil related stocks for a long term trade.
Tickers like CNQ, XOM, XOP, VLO etc. split between what feels right.
USO wont be touched by me until contango is...
Last time I posted an SPX chart was the similarity of a fractal I was watching and it actually ended up working really nicely. We basically caught the exact top and it hit my targets.
Unfortunately it didnt bounce like before and it just kept going down due to overextended markets, coronavirus, bernie sanders etc etc etc whatever pick your narrative.
Check it out lads. Target hit and nuked right around when I said it would. The timing was a tiny bit off but this shoulda paid you HUGE if you followed it.
Expecting a bounce here but not putting my life on it.
Hope somebody took it.
Whats the point of being a profitable trader when you can call tops every once in a while and maybe you nail it and collect clout. I only post unprofitable setups on tradingview dot com anyway.
Today is 1/22/2020
SPX hit 3337.77 as its top
That sounds like enough of a conspiracy for me to get behind to show the world this fractal of 2018 jan to march I've been...
You might know him, AngeloBTC a good lad and rich boi who wants us all to have financial freedom posted that he believes its time to hedge. His call was as follows:
Hedge here ~$13.5k.
Close ~35% lower.
Go away for vacation.
Wait for $30k.
On the chart I marked where a 35% drawdown would be for BTC from both the top and the 13.5k area that he...
Let me be the first to tell you this idea is almost entirely just an idea. I dont claim to have insider info on this. It will likely take years to find out if I am right, so this is mostly just an idea. If Its wrong, do not ride your life savings on it. If its right however, I demand to be called Oil Oracle. Maybe Oilacle. Thats good.
All the calculations there...