RCON

RCON

If you follow the election cycle S&P 500 usually is in a bullish trend until the election is over. At that point it can have up to a 40% correction or a 50% continuation. Bush Jr inherited the Dot Com bubble and then ended his term with the 2008 Financial Crisis.

RCON

Looks like SPX is forming a Bear Wedge Flag. That is a continuation pattern. The 50MA was not passed on the weekly close. If we break above that 50MA then it looks bullish to me. If we break above the Bear Flag then it is even more bullish. So short term, things look bullish.

RCON

I got this meltup target a while back listening to David Hunter in an interview. When I put it on my chart I was thinking it was unlikely but if you check the trend S&P will hit it middle of this year!

RCON

This is a bull case and probably more likely than the doomer bear H&S.

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Imagine, this would wreck so many people. Let's hope this doesn't come to pass. If a head and shoulders pattern forms and completes then the target would be in the GETTEX:46K region.

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If BTC can follow through with this bullish momentum it has the potential to go to 28500.

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This is a follow up to another idea about this from late August. Looks like we broke the neckline. I marked the H&S pattern with letters ala Peter Brandt style. If we retest resistance then the target is below.

RCON

It looks like there will be a death cross around the 12th of September and we just completed a strange flat looking head and shoulders pattern. Usually a head and shoulders is a reversal pattern but hey we are living in strange times! ;)

RCON

SPX is forming a Head and Shoulders pattern on the 1hr chart. If it completes the pattern then the target would be right above the lower Moving Average.

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Trying to look at the contrarian side of the coin since the Adam and Eve pattern I put in my last idea is Bearish. Green is BUY and Pink is SELL. Currently we are in a BUY phase. The amount of time between the trades are insanely long! This is probably a good strategy for long term investing or maybe when to rebalance a 401k.

RCON

god I hate being bearish, almost like I cannot help it. what is wrong with me?