Like a bat out of hell?

Feb 4, 2023

Further to my post on how the market could (Probably) most efficiently gain liquidity from bear stop losses and new chasers of the bull that, here's the big bat spike out pattern that could form and support this hypothesis.

Here was the bat into the final high of 2007.

Feb 6, 2023

Note

I'm long 4100.
Stop 4025.
Target 4800.

Jan 19

Trade active

Sell limits for this are now filling around 4850.

Jan 24

Note

I think a bit early. More limit orders set at 5200 - 5400.

Have longs on now for possible final spike up.

Feb 2

Note

If this is right we've recently seen the penultimate pullback before the actual high.

The forecast would be a lot of momentum into the high if this setup is in play. Somewhere around 5200 in SPX.

Feb 7

Note

Sizing up bets on this pattern completing now while we've just shy of 5,000.

Target for short given in the OP is around 4900 and I think this might be a stop run above that level.

Will bail out so fast if we don't see sellers, but engaging a lot currently.

Feb 15

Trade active

Really loaded up my bet on this pattern on action above 5000 SPX.

Feb 29

Note

I forgot to update the harmonic after more context. The swings I drew originally can be done a bit better now we have more to work with.

The wouldbe bat pattern was broken which would give the evolution to a crab pattern.

We're now in the PRZ for the crab.



Confluence with the butterfly.

If a turn comes here, it's going to be brutal.

If a break is made here, plain sailing for the bulls for a while,

Feb 29

Note

Most of the spike out tolerance zone for a bear top has been filled now.