SPX: Captain 'M'arvel crash

Impending Captain 'M'arvel crash. SPX will bomb like the impending similarly-titled movie, potentially together. A large Thanos H&S pattern has been thwarted from crashing the SPX by Fib-Avengers since ~2009. However, the Fib-Avengers work will be undone by a Capt 'M'arvel H&S pattern that will crash the SPX towards 2000. Fortunately, at least the SPX will not crash as hard as the movie.

Note

For clarification: the Captain 'M'arvel H&S pattern spans from 13 Nov '17 to present. It's neckline and right shoulder are depicted by red trend lines. The target price is determined based on the slope of the 2008 crash, which is represented by the red parallel channel lines (channel's body is transparent).

Note

Also, the 'M' pattern's right shoulder will likely not breach the 2.382 Fib level, which its head has breached.

Note

Last and most importantly, the Thanos H&S pattern began in 2008 with the release of Iron Man, the Marvel Cinematic Universe's (MCU's) first movie. The 'M' pattern began approximately when filming for Captain Marvel began, and the pattern's right shoulder coincides with the release of the movie.

Note

Looking more likely that Captain Marvel will crash SPX towards 1900-2000.

Note

In case you can’t see it.

Note

I know TV is not for movie rants, but given the circumstances it's possible that [B]Captain Marvel[/B] is actually crashing the market :P

More confirmation of the 'M' crash with today's SPX drop and the overwhelming terrible reviews of the movie by users. On Rotten Tomatoes users score it at 32% and critics at 81%, while on IMDB it receives a 6.6/10 despite the overwhelming number of bad user reviews (comments). For legitimately good-to-great movies, typically a movie's RT critic score will be comparable to its IMDB score. For excellent movies, its RT user score will also align. This is clearly not the case here. Perhaps money has been spent to not only inflate the SPX but also this movie's value.

Teklologist

Related publications

SPXS: Possible Long-term IH&S

by Teklologist

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.