The SPX hit monthly support at today's low. Video discussion inside for subscribers.
click chart to enlarge The August damage looks so small.
Category: Market Internals
A Matter of Degree
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If this move is a new trend of F32 degree, 119 years, the first bounce should come quiet a bit lower than most everyone expects.Fearless
The lack of fear (VIX) at the low, despite great technical damage (new lows), leaves me a non-believer in the bull case here.
click chart to enlarge
click chart to enlarge
click chart to enlarge
The S&P 500 AD oscillator might be the best argument for the bulls.
Solunar Model charts and a video wrap-up within for subscribers.
That Resistance
discussed this morning, remains untouched. The bulls need follow through tomorrow.
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click chart to enlarge
Weekly NotSoUp Date
We are at one of those junctures where the Spiral Calendar gives us a huge advantage over other participants. We have the unique perspective now of understanding the true (and large) degree of this decline.
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click chart to enlarge
click chart to enlarge Tidal forces are friendly this week, but not so much the Dow Solunar Model (inside for subscribers.)
Three Pairs
The S&P cash has generated three pairs of range bust bars since the early December top. Two of these pairs are are in the past four sessions. Range bust pairs are signs of acceleration. That we now have three of these on the recent chart is consistent with the beginning of a large degree move.
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The Plot Thickens as Prices Thin
Our thesis that a potentially huge trend change occurred close to the December 25 full moon remains not only viable, but increasingly likely.
Charts and video commentary within for subscribers.
Yen Watching
Today's late spoo rally was catch up with dollar yen that had earlier in the day. But stocks won't continue higher without a coincident move from dollar yen. I'm not convinced that's in the cards.
click chart to enlarge
click chart to enlarge