S&P / Nasdaq - Crash Of The Century

Might not quite be a crash to rival the dot com / subprime crashes, but might be quite a big one here.

And you never know, perhaps it might just be the crash of the century.

Here's my TA for this area - the details are everything.

Enjoy 👍.

Not advice.

Trade active

Here's how it went last time.

I ditched the EW this time but the ratios are worth a lot 😅

Note

BOOST / Comment if you like this; it will get pushed up the lists and more TradingView members will get to see it.

The more BOOSTS and comments I get, the more I am encouraged to make more FREE content here.

Thanks for any support and good luck with your trades 👍

Note

S&P now different to 2022 bear market and has exceeded the 0.82 retracement.

This is my cut off ratio for shorting and a Phi related (0.618) retracement dead cat failure is now much less likely.

And so this now has a higher probability of making a new ATH.

The trajectory is extreme and this signals either instability or that the most bullish rally ever is underway.

I think considering economic instability and that news events keep ratcheting up the volatility, that this trend will prove to be unstable.

It an enormous gap up on the week chart and that is likely to be exhaustive.

And it could just roll over at any moment in which case I may re-enter a short, but ultimately I am looking for deep buys not shorts.

One way or another I think a significant bearish wave is coming as per "0.5 rule" discussed in video.

Trade closed: target reached

Crypto warming up here, so no interest in trolls but for those of you that genuinely follow my output; there may be a bearish wave in the pipeline at some point as per 0.5 rule, but in the immediate area the 0.82 suggests a new high and I am buying up strong coins here as well as Microstrategy stock.

Will be watching out for the third and bearish wave down the road, but real trading is about moving with the music.

Note

Rigidity leads to missed opportunity.

Note

Its interesting to see how many "traders" not only do not watch the video which has TA that they wouldn't be able to find in any textbook, they don't even read the commentary to see that I'm actually now bullish, at least in the short term + more details that I won't bother to repeat.

Tik tok is working, most people have very short attention spans.

Note

New tik tok'ers arriving to my thread every day. Too funny.

Note

There are now so many humpty dumpties on my thread and that may well be a bearish indicator.

Thats funny but its not a joke.

dRends35

Your FA guru can't read a chart💭

I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.

Better than all the rest? My record speaks for itself 💡.

Telegram Group: $50 per month✨.

Contact: t.me/dRends35

Also on:

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.

dRends35

Also on: