AAII sentiment at highest since July with a double daily top on SPX.
https://money.cnn.co...fear-and-greed/
Edited by Rogerdodger, 21 October 2021 - 11:22 AM.
Very Bullish at double top?
Started by
Rogerdodger
, Oct 21 2021 11:14 AM
7 replies to this topic
#1
Rogerdodger
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#2
GDA
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Posted 21 October 2021 - 12:44 PM
Daily market breadth is at overbought levels, however the weekly has just left the oversold zone. Once they get in sync expecting the rally to gain steam.
#3
OEXCHAOS
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Mark S. Young
Posted 21 October 2021 - 02:27 PM
NAAIM is up in Sell territory and short-term looking a bit Bearish for the market too.
M
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#4
kinga200
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Posted 22 October 2021 - 03:21 AM
As I said before. We are Stagflation.
AND watch the ground.
AND watch the ground.
#5
slupert
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Posted 22 October 2021 - 05:45 AM
NAAIM is up in Sell territory and short-term looking a bit Bearish for the market too.
M
Good read, I think this is the best chance for a top we've seen. Can Powell do it this afternoon? He pretty much has to toe the line on his inflation sentiment, but is the market still buying? maybe not. (JMHO)
#6
pdx5
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I want return OF my money more than return ON my money
Posted 22 October 2021 - 03:34 PM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#7
K Wave
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Posted 24 October 2021 - 11:10 AM
Weekly sure looking more and more like imminent floor recapture on 2nd attempt. (2nd attempts are much more likely to go on through in these setups)
If so, we could be just about to witness the Opposite of Aug 82.....just some food for thought....
Edited by K Wave, 24 October 2021 - 11:10 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
K Wave
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Posted 24 October 2021 - 11:14 AM
If you flip the chart over and look at TLT as a proxy, the AUG 82 type setup looks more similar, or perhaps even a bit further along
Edited by K Wave, 24 October 2021 - 11:15 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
