There’s such a massive confluence of big bear signals over different stocks and indices now. Many daily/weekly chart signals all at the same time.
I think we must be getting close to something big. Perhaps something that would bring about the fat tail risk previously discussed.
Approaching a Fat Tail Event - by HoleyProfit (substack.com)
All the patterns are bearish. So many big bear harmonic patterns.
Something happens when big harmonics form! The implied signals here are capitulation (Not throwing out buzz words here, I use the word selectively).
Pre-Capitulation Conditions are in Place - by HoleyProfit (substack.com)
Failure of the harmonics would likely start an intense squeeze. You know those intraday rallies you’ve been enjoying, bears? Yeah … imagine a real one of those.
My bias comes down so incredibly hard on the bear side. For so many reasons. But also if this confluence of setups fail I think I’ll have to be a new high guy.
Something big seems incredibly likely soon. The only question is how long do we range and I think perhaps we’ve whipped out everyone and it might be coming sooner rather than later.
Very strong spot to speculate on moves larger than the recent average.
VERY BAD SPOT TO GET CAUGHT OUT!
One sided momentum very likely once this decision is made.