The swings of the week so far have created a giant pending butterfly- which may be the most important setup we've seen in SPX for a long long time - certainly the most important during this drop.
A butterfly here in its book context is a bearish pattern, but if you follow my work you'll know I always say harmonics are binary decision levels. If they work, the accurately forecast the reversal zone and then often the implied swing to follow- when they fail, they tend to indicate strong moves in the other direction.
Off a setup like this, a failure of the butterfly would be failure of the downtrend.
A successful butterfly would be a failure of the bigger overall uptrend.
It's a high stakes moment.
But bears should be aware we could be 98% right here and still face a brutal stop run.
Protecting profits from higher entries now. Ideally want to size up into a spike.
A butterfly here in its book context is a bearish pattern, but if you follow my work you'll know I always say harmonics are binary decision levels. If they work, the accurately forecast the reversal zone and then often the implied swing to follow- when they fail, they tend to indicate strong moves in the other direction.
Off a setup like this, a failure of the butterfly would be failure of the downtrend.
A successful butterfly would be a failure of the bigger overall uptrend.
It's a high stakes moment.
But bears should be aware we could be 98% right here and still face a brutal stop run.
Protecting profits from higher entries now. Ideally want to size up into a spike.
Not
This spot was always the place to consider the most optimistic bear bets. Not
5800 or so would probably be the optimal spot for this. 
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.