<blockquote class="twitter-tweet"><p lang="en" dir="ltr">No <a href="https://twitter.com/...c^tfw">$SPX</a>"breadth thrust" off the March 23 low, suggests <a href="https://twitter.com/search?q=%24SPY&src=ctag&ref_src=twsrc%5Etfw">$SPY</a> is not making a "V" bottom. No "Breadth Thrust" back in 2008 either. <a href="https://twitter.com/search?q=%24qqq&src=ctag&ref_src=twsrc%5Etfw">$qqq</a> <a href="https://twitter.com/search?q=%24ndx&src=ctag&ref_src=twsrc%5Etfw">$ndx</a> <a href="https://t.co/yq2j1vqgGy">pic.twitter.com/yq2j1vqgGy</a></p>— Tim Ord (@OrdOracle) <a href="https://twitter.com/OrdOracle/status/1265723600780382210?ref_src=twsrc%5Etfw">May 27, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
#2
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#3
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Posted 28 May 2020 - 05:18 PM
VIX stayed most of day up even when Spx was up 20 points. A strong indication that SPX is at a ST top.
Edited by redfoliage2, 28 May 2020 - 05:28 PM.
#4
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Posted 28 May 2020 - 06:38 PM
there was one hell of an ugly looking weekly hanging man candlestick at the high print of trading prices today on the nasdaq composite
#5
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Posted 28 May 2020 - 06:43 PM
Right now the index futures data are not available so no one can trade on ES, NQ. A trick to prevent a gap down in the morning?
Edited by redfoliage2, 28 May 2020 - 06:46 PM.
#6
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Posted 28 May 2020 - 06:54 PM
Interesting observation redfoliage... You could be right...
If we are at the beginning of a devastating CD leg down to 2100 then it would make sense that they kick it off with a gap down. That is how they started the end of February decline...
Right now the index futures data are not available so no one can trade on ES, NQ. A trick to prevent a gap down in the morning?
#7
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Posted 28 May 2020 - 08:11 PM
If Trump says something like sanctions or more tariffs tomorrow at the press conference I'd expect the SPX 200 ma dropped thru.........
Edited by redfoliage2, 28 May 2020 - 08:15 PM.
#8
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Posted 28 May 2020 - 09:41 PM
YM still has potential 26K target at 4 hour 900.
So far holding the 5 min 900 overnight, as would be expected on the first big pullback after a breakout launch move.
IF...it fails to hold that, then the 26K target mission could be aborted...
SOX did not look well today......and we may have a big rounding triple top up there...
Could see YM going to one more high, while SOX does not get close, to give a swing top warning....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
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Posted 28 May 2020 - 09:47 PM
china .....trump.....sanctions .....but not one word about the stk market.........sigh watch the sky
