[SPX] The End is Nigh... The END is NIGH!... THE END IS NIGH!!!
Like a dog that finally caught the car bumper, the market has finally hit the Mass Psychology point of clearing the gap (and incidentally found support right on my pesky little resistance line).
Amazing the willful ignorance that has led to market to actually accomplish that in the worst economic climate in a century but I guess that's my bad for underestimating the insanity of human psychology lol.
So now what?
Against all odds the dog is seemingly the winner here except now he's stuck and it turns out the car (real economy) doesn't give a flying fck what the dog has accomplished and will continue driving along until the dog falls off bruising and bloodying itself as it rolls to a stop.
Lotta people here are mistaking my models as Absolute calls, I speak in Absolute cuz it's more fun that way but the models are all relative. None of us here can exactly nail Price movements and that's not the point. The point is to dial in the general range.
For this model, my original analysis still stands unless we see a couple weeks above this purple line in which case it'd be pushing invalidation.
Price gets harder and harder to maintain the more lines it gets above here, that's the idea. We need a bit more time to see how that theory fully plays out.
I'm due for another break here, whether we overthrow into next week or crash down now, I'm liking end of August local low odds especially since my expectation of Congress failing to do anything before the recess is holding up so far.
GL going into late August all. Will be interesting times B).
Amazing the willful ignorance that has led to market to actually accomplish that in the worst economic climate in a century but I guess that's my bad for underestimating the insanity of human psychology lol.
So now what?
Against all odds the dog is seemingly the winner here except now he's stuck and it turns out the car (real economy) doesn't give a flying fck what the dog has accomplished and will continue driving along until the dog falls off bruising and bloodying itself as it rolls to a stop.
Lotta people here are mistaking my models as Absolute calls, I speak in Absolute cuz it's more fun that way but the models are all relative. None of us here can exactly nail Price movements and that's not the point. The point is to dial in the general range.
For this model, my original analysis still stands unless we see a couple weeks above this purple line in which case it'd be pushing invalidation.
Price gets harder and harder to maintain the more lines it gets above here, that's the idea. We need a bit more time to see how that theory fully plays out.
I'm due for another break here, whether we overthrow into next week or crash down now, I'm liking end of August local low odds especially since my expectation of Congress failing to do anything before the recess is holding up so far.
GL going into late August all. Will be interesting times B).
Data analyst with a passion for best fit lines B)
