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#1 OEXCHAOS

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Posted 03 December 2019 - 09:45 AM

We saw this correction coming, but I feared it might be over so quickly it might not be worth worrying about.

 

While that remains to be seen, I note that I'm just a hair away from having my bottom spotters go off. Essentially 2 days into the decline.

 

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#2 12SPX

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Posted 03 December 2019 - 09:49 AM

I know, its unbelievable the market does go up and down lol!!  This move was good to get it back to a healthy state!!  



#3 LMF

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Posted 03 December 2019 - 09:54 AM

Another engineered gap filled on the VIX daily chart from back in October......17.56. They gotta fill em.....

#4 Waver

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Posted 03 December 2019 - 11:07 AM

Mark, do you take into consideration overlaps with previous tops like the DOW just did?  The NYA is very close to doing the same thing.

 

The rally from December 2018's low is not impulsive whatsoever.



#5 K Wave

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Posted 03 December 2019 - 11:20 AM

Mark, do you take into consideration overlaps with previous tops like the DOW just did?  The NYA is very close to doing the same thing.

 

The rally from December 2018's low is not impulsive whatsoever.

Relative weakness in RUT and TRAN is pretty stunning too...

 

But, while close to it, neither of them have broken down just yet, so they could still recover and start to join in on the upside.

But another day or 2 down on those could be harbinger of doom....



#6 SemiBizz

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Posted 03 December 2019 - 12:08 PM

3 charts...

 

 

EKzO3G-UUAYwhxd.jpg

 

 

 

EKzcHxmWkAQ0G8I.jpg

 

 

EK3cdhWUYAEVBSy.jpg


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#7 Waver

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Posted 03 December 2019 - 12:14 PM

Agreed K Wave and nice charts Semi.



#8 Waver

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Posted 03 December 2019 - 01:57 PM

Bond yields look to roll over too

#9 K Wave

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Posted 03 December 2019 - 02:08 PM

Trannies bounce today thus far looks like a seriously dead cat...

 

A whole bunch of time frames coming together on that one. If bulls don't step up pretty soon, could see synchronous turn down.

Below about 10,400, the Danger signs will appear, and back below 10K again would likely mean a bear market has begun...



#10 K Wave

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Posted 03 December 2019 - 02:18 PM

RUT rejected at first backtest of 1600....