SandP in Flat Wolfe Wave End Game: Bear Move Incoming

Several contributors have proposed Wolfe Models. This move formed a flat pattern rather than a rising channel.
This flat emulates a measured move 'flagpole.' We're sitting on the cap at top of flagpole IMO.
MFI gone in half, volume sparse.

Typical of Wolfe waves is the time elapsed in 1>2 = 3>4, as is clearly seen here. Enjoy the last gasp of this mad rally...
Breakdown should occur with similar periodicity; expect on/about 4-7 Jan 21.

NB: ABCDE denotes the Wolfe wave. Some authors have drawn it from the Covid Crash. Started here from June Swoon.
Bear move can take any form. Likely to be an impulsive correction, given the monster rally of 2020.

Here's a link on variations of Wolfe. This is an educational post not intended to be investing advice; trade at your own risk:
GLTA!
tradingstrategyguide...wolfe-wave-strategy/

액티브 트레이드:

Played Fade Gap nicely and shorted the retracement. Looks like it topped at 3756, with NQ just shy of 13K.
Confirming in the weekly candles.

액티브 트레이드:

FTG not working so well on 12/30. It's a thin volume market with major players on holiday. MOMO can drive prices suddenly. Short covering might easily drive new ATH. Made a dime and closed again. Holding inverse ETFs. Probably best to stay away, choppy and unpredictable. Short session on 12/31 likely get a EOD spike, as sellers close out positions, as we saw on 12/24.

액티브 트레이드:

Hmmk; looks like a correction starting out New Year...

코멘트:

Made a bit on shorts but closed early, LOL! We've been trained for 2 months to close shorts quickly so when my contracts go into the money I sell em; see if this is just a nother Bear trap or do we get a real correction?!
Got Pump n Dump cooking futurz AH...

액티브 트레이드:

Entering bear spreads shorting this rally on 1/5, in SPY 370P, QQQ 310P, 311P, short the weeklies in $6 spreads

코멘트:

Closed on the daily dip, re-enter EOD IMO

코멘트:

Do not be fooled by the rally; might struggle higher for a few days or tank off again Weds, be ready. It's a reaction rally; a retracement before lower IMO

액티브 트레이드:

Double topping IMO

주문취소됨:

Insanely bully, blowing off top ffs... wait for it

액티브 트레이드:

Climbing back onboard the putrain, small pos in sqqq, sdow, tza; and a few bear spreads.

코멘트:

Yeah it's gone full-bore pumptard; Hopium & Greed fueling this fire... this is the third parabolic of Three Drives to Top IMO; not big shorting yet, just a handful, probly gonna get short-squeeze Friday.

액티브 트레이드:

Shorting this at top of the channel; target 3720