Based on chart, safe to target $6-6.1k
Still don't know the trick to crypto? Hope you're sitting down.
Do not try and reach the moon. That's impossible. Instead, only realize the truth... THERE IS NO MOON. Then you will see that it not the moon that's reached, it is yourself. I might have accidentally drank from the same fountain as XRP fanboys. I finally see what all their hype is about. Was a headache putting this together. Will be interesting to see whether it...
Abcde labels are unnecessary but used them to identify points. This is very bearish given the wedge began after the significant drop in Dec 2018. Might signal the continuation of a Bear market.
It's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
Chart says it all. I am bearish. What are you?
People trade based on fractals and ratios. So, why not trade based on symmetry? Though, I suppose the chart technically suggests a combination of symmetry and repetition.
It's quite simple to see what SPX is doing. No clarification needed.
I recently shared the below idea to help someone less fortunate get BTC for cheap. I assume I was time crossed by an individual I sought to help since my time machine is missing and BTC now appears to be draining into another dimension. What likely happened is that the person who stole my time machine has accidentally created a Bouman Tunnel thereby entangling...
Read an article this morning on how tech companies having many european constituents are lagging in decline of their stock price compared to tech companies having many chinese constituents by about 4:1. The article argued that the timing of this lag could result in a disastrous tech bubble here in America. This inspired me to checkout SPX in terms of euros, i.e.,...
Update to previous linked idea.
Chart of SPX price accounting for USD strength and appreciation/inflation (not sure which term is technically correct). Reveals completed massive HS pattern in conjunction with infamous Bart pattern - ups and down akin to Bart Simpson’s haircut that precede a dump. This corroborates my previous SPX bearish idea, which is based on a formula I developed for...
Looks like a good indicator of past major drops. Why Not for today?
Keep in mind that the ratio can never reach 2.