S&P 500 4468.00

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Hunter2020 said:
Anyone brave enough to stick around at the target price... good luck to ya!

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You know how the head and shoulder pattern works right? After the right shoulder appears, the price is supposed to drop not rise. Did you actually look at the chart that you posted? After the "right shoulder" that you drew, the price not only didn't drop but actually rose so that clearly shows your head and shoulder pattern is totally invalid and actually what you drew is not even a head and shoulder pattern. In the correct head and shoulder pattern, the right shoulder is supposed to only reach the peak of the left shoulder, it's not supposed to reach the height of the head, hence the pattern head and shoulder, the "head" with the higher peak in the middle and the two "shoulders", with two lower peaks to the left and right of the "head".

So you went from a totally non-existent number superstition to a totally invalid chart pattern to justify a market top? LOL Are you short in the market?
 
Bastion_01 said:
Why is this place filled with Asian witch doctors lately? Have we moved on from TA superstition to random Asian Round Numbers now?
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And that TA is not even correct. That's not even a valid head and shoulder pattern. I am asking myself the same question. Has ET got a server in Asia now? Is Barron or Magna becoming Asian? :wtf:
 
Actually the head "label" should be at the bottom or valley of the total move captured making it a somewhat reverse H&S.

Although I don't use H&S, pennants etc so could care less.
 
It is so re-assuring to see that even among a group of "elite" traders, so much energy is still given to voodoo dreams. We can relax in comfort knowing there's no danger of real competition.
 
Again today.

S&P500 closes at 4448.08.

444 means die die die. And 8 is even luckier than 6 in the East. Feds keep giving signals stock market bull run ending/ended.
 
Hunter2020 said:
Again today.

S&P500 closes at 4448.08.

444 means die die die. And 8 is even luckier than 6 in the East. Feds keep giving signals stock market bull run ending/ended.
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Source (Yahoo! Finance):

Date Open High Low Close* Adj Close** Volume
Aug 17, 2021 4,462.12 4,462.12 4,417.83 4,448.08 4,448.08 1,906,732,000
Aug 16, 2021 4,461.65 4,473.26 4,437.66 4,472.94 4,472.94 2,707,170,000
Aug 13, 2021 4,464.84 4,468.37 4,460.82 4,468.00 4,468.00 2,371,630,000
 
Source (Yahoo! Finance):

Date Open High Low Close* Adj Close** Volume
Aug 20, 2021 4,410.56 4,444.35 4,406.80 4,441.67 4,441.67 2,867,770,000
Aug 19, 2021 4,382.44 4,418.61 4,367.73 4,405.80 4,405.80 3,120,840,000
Aug 18, 2021 4,440.94 4,454.32 4,397.59 4,400.27 4,400.27 2,965,210,000
Aug 17, 2021 4,462.12 4,462.12 4,417.83 4,448.08 4,448.08 2,884,000,000
Aug 16, 2021 4,461.65 4,473.26 4,437.66 4,472.94 4,472.94 2,707,170,000
Aug 13, 2021 4,464.84 4,468.37 4,460.82 4,468.00 4,468.00 2,371,630,000

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The ultimate signal 4444 is there the daily HIGH on Aug 20. FYI, the SP500 (and stock market) was never gonna rally to 4444 and do an about face. That is just dumb. 666 in March 2009 already desensitized ppl to repeating triplets/quaduplets. But the signal is there. Die die die die... Stock market has/will top around 4444 and THAT is the end of the Covid-19 bull run that started March 2020!!
 
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