SPY - BITCOIN - DOGE
Hey, Whats up!
I noticed a peculiar pair of behaviors in the current consolidation patterns across the board.
SPX first… top right. We’re actually using the ES1 chart, cause its a continuously traded futures version of the SPY… so its not missing those overnight gaps… which are often significant emotional data points.
Ok… here we go:
The recovery bounce just formed the right lip of a valley for either the bullish or bearish mint-green dotted resistance lines. One of them is a bit concerning.
Also of concern, the white lightning bolt represents a possibly significant gap in the world wide emotional state of investors…. Check out the white trace on DOGE. (Top left) . . .. .thats the missing period. Fairly significant in creating the large bearish continuation pattern we are in there.
So… what happens if we add that emotional data to the interrupted period on ES1? Well, I’d reckon its gonna make a bearish continuation pennant there too… so any one psyched about that big doji long bottom wick type candle on the daily as a bullish reversal, may wanna hold onto their underpants. The other clue is the likely dominance of the mint green arrow channel… i hate seeing the recovery come up short of the cliff it fell off of… thats not actually a recovery then, is it… sort of confirms the bearish sentiment.
(Bottom left), hello Atom … he’s here for reference… check the curved pink support line that establishes the channel we just ducked under, & came back up onto.
Ok… now BITCOIN (bottom right)… check his pink line… same story.
Did you look up and check the other two as well? . . … . Do it again!
These appear to be the dominant support vectors. Bitcoin looks to curve the opposite way of the other three… no idea of that means anything, but I’m excited to find out!
Follow me, and I’ll update this idea as it plays out!
Good Luck, God Speed, Love & Light!
I noticed a peculiar pair of behaviors in the current consolidation patterns across the board.
SPX first… top right. We’re actually using the ES1 chart, cause its a continuously traded futures version of the SPY… so its not missing those overnight gaps… which are often significant emotional data points.
Ok… here we go:
The recovery bounce just formed the right lip of a valley for either the bullish or bearish mint-green dotted resistance lines. One of them is a bit concerning.
Also of concern, the white lightning bolt represents a possibly significant gap in the world wide emotional state of investors…. Check out the white trace on DOGE. (Top left) . . .. .thats the missing period. Fairly significant in creating the large bearish continuation pattern we are in there.
So… what happens if we add that emotional data to the interrupted period on ES1? Well, I’d reckon its gonna make a bearish continuation pennant there too… so any one psyched about that big doji long bottom wick type candle on the daily as a bullish reversal, may wanna hold onto their underpants. The other clue is the likely dominance of the mint green arrow channel… i hate seeing the recovery come up short of the cliff it fell off of… thats not actually a recovery then, is it… sort of confirms the bearish sentiment.
(Bottom left), hello Atom … he’s here for reference… check the curved pink support line that establishes the channel we just ducked under, & came back up onto.
Ok… now BITCOIN (bottom right)… check his pink line… same story.
Did you look up and check the other two as well? . . … . Do it again!
These appear to be the dominant support vectors. Bitcoin looks to curve the opposite way of the other three… no idea of that means anything, but I’m excited to find out!
Follow me, and I’ll update this idea as it plays out!
Good Luck, God Speed, Love & Light!
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