Well it seems Panda’s hot streak has ended, with his bad Tesla call. Back to eating bamboo now.
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There is a bug in ToS program, whole day couldn’t look at charts, manage to fix it after market close. Too tired to look at any charts. Anyhoo, the five-waves impulse that Panda shows is usually a first wave of a larger degree impulse i.e. SPX is unlikely to touch 3723. In fact, after the gap down and a few wiggles, wave three UP should start… so is a BTFDive 
time.
Bearish divergence broken?
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Put words in my mouth? Never mind, I would find opportunity to return the favor.
I include extended hours (AH and PM) in my chart. I see five wave structure instead of three. The next wave is down, obvious, but could happen during AH or PM not necessary during market hours, so I won’t dare to say open down 
like Panda… could be gap up (wave (3)) instead if the gap down is during PM.
BTFDive just like SPX
I am looking at QQQ, may be NASDAQ is slightly different.
For visual learning style, below is the chart…
IMHO, he admitted defeat too early. Should wait a few more days to 2 weeks. Counter-wave b UP takes sometime to complete.
The dreaded ascending wedge! Falling knife soon? 1.618 too. I close QQQ calls bot yesterday.
Enjoying my TQQQ position even in the threat of an ascending wedge (falling knife), not selling, die-die hold till QQQ>400-440
Update:
Hit my S/R and still refuses to fall. This knife is not behaving? Anyhoo, bot a little QQQ put while waiting for the BTFDive moment… not trading TQQQs… if it did dive, get a boatload of QQQ calls Since Panda bear is on vacation, is time for us to play
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Massive rally. Everything looks like it’s aligning, very bullish MACD, tech oversold, infra and maybe other EV bill coming around quickly. Bond auction result is good and yield looks to have stabilized and market coming to grips with it. Yesterday and today very busy day just chasing all kinds of stocks. I’m pretty bullish on bitcoin (i think it’s the leading indicator) so been buying a lot of GBTC, RIOT and MSTR last few days, along with lot of tech/biotech growth stocks/options. It will be amazing if we can get a V recovery and pass the ATH few weeks ago. 
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Briefly crossed my head. Decided to stay focus.
Open position in many tech and biotech… small position… the threat of one more dip makes me hesitate. Anyhoo, not much money in those buy n hold accounts (managing a dozen accounts )… only two days, already up 10-25% (some tickers)… essentially trading in one account, focusing on QQQ calls/ puts and TQQQ/ SQQQ… old man can’t respond fast… rectify that shortcoming with ONE ticker
Essentially, holding TQQQ as core and trade around it via QQQ calls/ puts. Guess should be UP till QQQ ~400-440. Every DIPs mean BTFD into QQQ calls Hit my S/R lines, long puts… let’s how good are my EW and S/R + trend lines in guiding my trading.
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Head and Shoulder that fail?
When the social mood is bullish, all bearish chart patterns don’t work?
Told you Panda’s hot streak ended with his bad TSLA call.
I think he’s best at topping/grinding and bearish patterns. I listen to social media furus when we are on momentum (don’t think, just buy everything and sell quickly. rinse and repeat.). 
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I wonder if Powell will do something similar?
Never, ever dare to fight the Fed, let alone the unholy union of all the central banks in the world.
Seems like a V shaped recovery is already priced in. So is infrastructure when CAT and ITW trade at 30-40 time earnings. We should have had a V-shaped recovery after the 2009 collapse but didn’t and we have the same regulatory risk now. Difference is central banks, unlike in 2009, are nearly out of ammo.
Central banks will never run out of ammo.
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I suppose they could drive interest rates below zero. They already are in real terms.
Fundstrat also use EW? We have been talking about SPX will peak at 4100-4300 before a CRASH. Be prepared! Don’t get carried away by the blowoff top rally. Is by May. Less than two months away.
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I am still waiting for the TSLA crash Panda predicted.
Everything is sort of lining up with the bitcoin intermediate top. I’m hearing about 100k within 6 weeks. Bitcoin has been front-running the nasdaq and it hardly went down during the nasdaq correction. The bitcoin halving (based on 2 previous halving) I believe has it going to 200~250k. It probably won’t come this year but it will likely come with a nasty correction maybe next year. I think this year will be just as wild as last year in terms of equity/crypto swings. Navigating the swings will require extreme patience and precision 
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