SPX - Strangely Bullish in the Medium Term
As always, I strive to render my Ideas so obviously as to require a minimum of words. These are meant to arouse the reverse-engineers and provoke the thinkers. A few of my thoughts about the S&P 500 are shown, which I hope you will challenge with tough questions.
My strategy is built on innate Pattern Recognition and hard-won sympathy for the Market Maker’s Business Model. My tactics - the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
Anyways …
On the daily SPX chart I've drawn a projected harmonic pattern that, if this forecast is correct, has not yet printed its C-point. Furthermore, I've attempted to approximate a time estimate, which is to say that the C and D points are not randomly placed.
Strictly speaking, a harmonic pattern is not "confirmed" until its D-point is known, ergo there is no actionable setup on the 1D chart. If my theory is correct, then there will be many setups on lower timeframes before the dominant bullish trend reverses.
I intend to publish a video with full MTF breakdowns of the index and the futures charts. Although the line-work is more comprehensive, and the targets more precise, it's all beyond the scope of a single Idea, so that this is merely a teaser of coming attractions.
Until then, be liquid !!!
My strategy is built on innate Pattern Recognition and hard-won sympathy for the Market Maker’s Business Model. My tactics - the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
Anyways …
On the daily SPX chart I've drawn a projected harmonic pattern that, if this forecast is correct, has not yet printed its C-point. Furthermore, I've attempted to approximate a time estimate, which is to say that the C and D points are not randomly placed.
Strictly speaking, a harmonic pattern is not "confirmed" until its D-point is known, ergo there is no actionable setup on the 1D chart. If my theory is correct, then there will be many setups on lower timeframes before the dominant bullish trend reverses.
I intend to publish a video with full MTF breakdowns of the index and the futures charts. Although the line-work is more comprehensive, and the targets more precise, it's all beyond the scope of a single Idea, so that this is merely a teaser of coming attractions.
Until then, be liquid !!!
adrian dyer
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