Trinity not so Holy no more. TRINZigzag finished, guys. Time for a slip. Whether or not this is an even bigger zigzag in formation remains to be seen.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
TRIN
[SPX] Primed for PANIC SELL... Super TRIN Trend Channel Holds!Totally hooked on Super TRIN!
This is my fav chart right now. It's so hot you might burn yourself if you get too close.
We're hacking into new territory few have deeply explored publicly!
Look at that beautiful hover bounce off the channel bottom, right back to just below the 2nd SELL S/R (the horizontal red SELL line being the 1st).
Given how things played out Friday, I think this prediction is gonna nail it next week, we should see mostly SELL and PANIC SELL (>2) level activity above that 2nd SELL S/R.
I don't see any way out at this point, I'm drowning in short confirms over here, can't even keep up, so many new people coming out of the woodwork the last couple days!
Also just in the last two days I've got 3 confirms on an ultimate 1700-1750 bottom for the first time. Prior to that we had some early guesses at 1600 but nothing as concrete as what's coming out for this new set.
That still fits very nicely in my second green circle...
Happy harvests!
BULLISH trend - reversal - last placing 15p paid debt - big cashKeeping an eye on TRIN as it reverses the trend and so far it is looking very good.
200ma will provide resistance so keep an eye out for small pullbacks