ProfitHarvest

ProfitHarvest Updated 

If it's going up 52.5 and 57 are strong levels at the 15m and 2h, look for rejection or breakout. If it's going down from here or gets rejected strongly at the above levels, it'll probably test 40 which is strong on the 1D and 1W.

ProfitHarvest

At fantastic value ahead of two big May events earnings and (possibly) first successful flight, look out as Price starts breaking up through each fractal for increasingly confident confirmation. OG Idea

ProfitHarvest Updated 

Let's see how these fractals play!

ProfitHarvest

Normalized to top and bottom of time period. APHA continues to be the most valuable cannabis company out there. Was .85 going into new year and now approaching the .83 merger ratio agreement. Let's keep an eye for any other opportunities to trade TLRY for APHA before they merge for good.

ProfitHarvest Updated 

It's hangin by a thread but the Right Shoulder breakout is still contained within a 1M H&S Head Fractal aka Ghost Head. Watch yourselves out there! Conditions may just be about to get even rougher.

ProfitHarvest Updated 

We've now returned to below the downtrend fractal right in line with where we were Pre-Fed Nothing Burger. Curtains being pulled away.

ProfitHarvest Updated 

These Topping patterns didn't exist prior to the major Feb 16th peak, now they happen many times a week. In addition, our earlier H&S tops were much wider than the far narrower tops we've seen since crossing the tip of the giant Bear Pennant. Keep in mind we never fully broke below, which left the door open for the current run. Now we're struggling to break the...

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We got a lot of tightly packed EMA support right along SMA 55. This could be a great launching pad or rapid quicksand to SMA 144, which provided great support for this recent upwave bounce. It's still too early to invalidate a 1M structure but a close above this range would likely seal it. Doesn't seem likely we'll break out the right side of the box.

ProfitHarvest Updated 

Haven't ever noticed a RW this flat on SPX, very interesting Price Action. Power Hour should be interesting today as this structure concludes right around starting time. Bulls need a big upward break to 1W ATH close. Bears would love to see the bottom drop out. Decision time!

ProfitHarvest Updated 

Bear case on thin ice but not invalidated yet. A breakout over a 1M H&S Right Shoulder that takes the form of an Island Reversal by EOD while crossing over and closing under the ATH isn't a strong breakout confirm. Looks a lot more like a False Breakout here. On the other hand, momentum does look strong so could just be a technicality but need tomorrow's data to...

ProfitHarvest Updated 

That's the neckline... a break under that would likely bring deeper red. Everyone is too busy drooling over SPX 4k to pay any mind to anything else, here's an OG meme treat for you guys: imgflip.com This is a textbook H&S pattern with two failed Head Breakouts and it's encompassing 3 other smaller H&S (so far) in addition to a 1M Bear Pennant. The most salient...

ProfitHarvest Updated 

Something seems fishy this week, would love to get another bearish structure confirm here with a 3rd LL H&S but odds are more split on this one. Could just be retesting the Down Megaphone structure here and maybe the Bear Pennant tips before take off. Could just gap up over all the resistance and call it good lol. Could dump tomorrow. Could blow off top. Watch...

ProfitHarvest Updated 

This is the point I was talking about yesterday, the fact that we couldn't break and hold over the 1M Bear Pennant tip today is a pretty clear bearish rejection. We also dipped out of that new Bear Pennant fractal real quick, no hanging around to test the structure a bit more. This makes it now look like another 3rd lower low H&S setup for further likely...

ProfitHarvest Updated 

We have lots of nice data lining up for new ATH. But the Bear case still has a lot of power and the upperhand in current Conditions. ATH odds definitely jumped today but plenty of hurdles still in the way. March 10th seems important.

ProfitHarvest Updated 

This came to stop exactly to the dot at 3840 on this 1.5Y Peak Channel mid-line fractal that was laid here 6M ago. And look at Price just touch across the Tip Point line there to test it out. This is the most critical point on the map right now. Just overhead we have 3860 with a couple strong fractals. If it makes it past there, next stop is the neckline...

ProfitHarvest Updated 

Pretty wild waterfall here... too bad SPX got priced in at the top. 500-600 range seems reasonable for loading more. We'll never see under 400 again.

ProfitHarvest Updated 

My confidence in this being the top is increasing right in line with the profits from my UVXY call options. JPow has no incentive to prop the markets with Trump out of power now. In fact, incentives have reversed. They want this thing to tank hard into mid-terms so they can blame Biden. What a journey we tracked this beast day by day from that first diamond...

ProfitHarvest Updated 

Price Action has been erratic af since it broke out late Jan. Lookin like a giant 3M coil. Let's see.