First see linked.
We've made a low in the area of where a wave 1 would typically end and we've retraced to around where wave 2 would typically end if a downtrend was to form. If there's another break - this could get nasty.
Get quite a lot of abuse for sharing a TA forecast on AMC saying it might not go to 10,000 tomorrow. Let me pre-answer to save time;
"Never went down the middle like your forecast"
- Okay. The forecast was to look for bears on a specified level. Markets can trade flat for a while.
"You've been wrong before"
- Okay. I'll be wrong again. That's what happens when you make probabilities based forecasts on the future.
"Go push the short narrative elsewhere!"
- Like where? This is a trading site. It's a good place for it. Also, no. Just take my money if you know better.
"You wish!"
- I don't. Not everyone betting on mean reversion wants you to fail, they're just betting on the odds.
We've made a low in the area of where a wave 1 would typically end and we've retraced to around where wave 2 would typically end if a downtrend was to form. If there's another break - this could get nasty.
Get quite a lot of abuse for sharing a TA forecast on AMC saying it might not go to 10,000 tomorrow. Let me pre-answer to save time;
"Never went down the middle like your forecast"
- Okay. The forecast was to look for bears on a specified level. Markets can trade flat for a while.
"You've been wrong before"
- Okay. I'll be wrong again. That's what happens when you make probabilities based forecasts on the future.
"Go push the short narrative elsewhere!"
- Like where? This is a trading site. It's a good place for it. Also, no. Just take my money if you know better.
"You wish!"
- I don't. Not everyone betting on mean reversion wants you to fail, they're just betting on the odds.
Nota
Break has been made.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.