MikeMM

If this harmonic pattern completes, I would be willing to take a long position. Sitting and waiting till then.

If this harmonic pattern completes, then I would be a buyer. The stop loss could be very tight down here.

The harmonic pattern is not complete, and is pure speculation. But I would be looking to buy down here if the downturn occurs.

If there were a place to reverse course, I would suspect were almost there. realistically it is more likely we continue up, Thats just how markets work. However, one could argue the market is still a bear, and new lows are incoming. I think it would be wise to entertain both ideas and know what to look for. As we come closer to the potential top I will be updating. For now just neutrally long the stock.

If this wedge is real, and I do believe it to be, then we may test back up and tap it. Then a rejection would indicate the lower targets are in play.

Looking for something similar to the prior channel in the last bear.

Just looking for some retrace. looks bottomy. Easy stop. Nice reaction.

I think it is time for specific alt coins to catch up. until we break out in either direction, were in a channel, sideways, foreverevereverver

S&P500 has never broken the 786 of its prior "bear market rally" without continuing to new all time highs. Back tested it. Feel free to do it yourself. It will barely breech the 618, and many times even lesser retraces, if it is to continue lower. The only Occurance I have found was Monday December 2nd 2002. Which the rally hit the full retrace of its prior bear market rally, and then retraced to put in a 3rd higher low. Right now we have put in a similar head and shoulders reversal pattern as back then. I am suggesting were at the circled yellow portion of this picture, relative to then.

Is it really different this time? Are we going to go to the mooooon? or are we going to the good ol gutter?