antrap77

antrap77 Updated 

S&P lost steam and showed instability (August 11th), lower volumes and quite some swings when approaching ATH (last 9 days) Comparing with 1929 (by matching March 2020 low with 1929 low), the same pattern is repeating. Now there is quite a divergence between S&P 500 and CCI (good indicator of past drops when diverging with S&P500) confirming that a first drop is...

antrap77 Updated 

Comparison just about perfect. Now a few days lateral and then back to March lows by February 2021 with many opportunities in between. Happy trading !

antrap77

Comparison between 1929 crash and 2020 crash by matching the respective first lows (November 13th 1929 and March 22nd 2020). 1929 and 2020 data have been normalized before superimposing the charts...therefore increase or decrease are perfectly comparable Apparently even without FED intervention back then the reaction was very much the same on the way up...FOMO...

antrap77 Updated 

Two dynamic trendlines (dynamic support and resistance) are very clearly identified and crossing right at "All Time High level" right before Election time. Technical Analysis can be really amazing to reflect reality. Need to monitor breaks of such dynamic lines to go short or long. Keep going like this will lead to a "FED Trap" make it or break it -> S&P current...