ProfitHarvest

ProfitHarvest

This is my prediction months ago finally coming to fruition! DO of DIE We punctured the Feb peak and quickly retraced back under and now holding in the tight wedge just above 5Y trend... two very strong S/R right now! I dunno, maybe we go up from here but the harder the fall... Maybe if we get solidly above the 2M peak downtrend (white) a long position could...

ProfitHarvest

You can speculate on future price, that's futures. Speculating on the degree of future price movement, that's SPXL. Not many people leveraging up 3x to bet on upside, SMA 21 can't even keep up! This thing free fallin like full moon fever. Next week should be fun B).

ProfitHarvest Updated 

RSI downtrend since Dot Com Bubble!

ProfitHarvest

We're not doing enough to reduce the rate of transmission... wear masks indoors, keep groups small and socially distance, it'll help. COVID infections hit new ATH today just beating out last week, which had set a new ATH above July peak. No good answers. No good solutions. Just do your best. It will save lives.

ProfitHarvest Updated 

I really shoulda had more confidence in that wedge I was callin! Downchannel trend (yellow) converging with the core decay S/R (strongest S/R since crash, magenta) and the 7M downtrend S/R (red) was bound to be eventful. It fckin launched price like crazy! Not sure how it's gonna play out from here, could be tricky to catch the peak. I'd still like to cash out...

ProfitHarvest Updated 

Odds still in favor of a big downward movement but timing is the tricky part. Between election uncertainty and COVID 19 Wave 2 a lot of sht could go down soon and quick!

ProfitHarvest

Wow, just wanted to update the Treasure Map for you guys so you could follow along to the bottom B). 26th market turn (magenta box) was dead on! That horizontal downchannel S/R (orange) converging with the 5Y uptrend (yellow) proved to be quite strong here too. Price gapped down from downchannel S/R (gray) to exactly under this point. It was always there, you...

ProfitHarvest Updated 

Dangerously close to entering into crash mode if it doesn't figure out a way to recover. TView's most dedicated crash timing charters @Glitch420 is already callin this as the start of the crash and @markettimer777 thinks it needs a bit more downward momentum still to trigger. Please recall some of the words from my prediction last week: "If Price breaks under...

ProfitHarvest

Just kidding... we still got plenty of room to fall B). As expected a couple weeks ago based on my wedges pointing to the 26th, they all broke today and Price tanked. 8W Peak Downtrend still holdin solid. Still lookin quite bearish on my 1W RSI with plenty of downside room. Corona and lack of stim seem to be the catalyst as expected as well. We're not getting...

ProfitHarvest

... and it's all the fck outta bubble gum guys. Oct 16th prediction holding strong! "If Price breaks under this rising wedge and can't reclaim it and then under the 6W peak downtrend (white), we're in store for a bigger pullback." Yesterday's prediction too... "Every support we break under from here on out should be increasingly harder to break back...

ProfitHarvest

The leveraged nature makes the wedge particularly thin... just a matter of time!

ProfitHarvest

RSI Notes: Light blue is a bearish diverg Yellow a bearish confirm Orange is a 2Y downtrend channel Dotted lines major 1D S/R VPT crossing sell off signal at the 1D, still aligning for week of 26th. Key to watch for is break below 5 SMA, that should take us to the 21 SMA and there we'll either bounce or more probably crash through down to around the 89 SMA again.

ProfitHarvest

Just some notes. Orange top 2Y downtrend, orange bottom 4Y downtrend. We bounced off the top of the downtrend channel exactly and just broke though a minor RSI S/R. VPT bout to cross a downtrend trigger. RVGI cross and downtrend shift.

ProfitHarvest Updated 

Paired with the high technical resistance, it's looking more likely that we're at an RSI peak in a broader 2Y downtrend move. Ignore white lines, only for 1D.

ProfitHarvest Updated 

Just a helpful PSA B).

ProfitHarvest

I'm expecting continuation and consolidation this week despite the large existential threats facing our world. COVID in particular has the highest odds of being a selloff catalyst as it becomes salient to American's that we're at the start of the second wave that will dwarf Wave 1 peak from July. We are also just getting two weeks beyond when this second wave...

ProfitHarvest

Seriously though... Resistance above Price is HEAVY. If Price breaks under this rising wedge and can't reclaim it and then under the 6W peak downtrend (white), we're in store for a bigger pullback. Not expecting anything major till at least the 26th though. The real test though is getting under that gap box 3300-3335. If we go below that I think we're likely to...

ProfitHarvest Updated 

We could already be at the peak here but I got a feelin this BULLGASM aint over! Wouldn't be much of a grand finale if it just gave up now. Just some red meat for you Bulls before the party ends. That is max height for this run.