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.
Note
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.