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rat8nine said
spx daily – price at upper line, and:
2940.91 – 2346.58 = 1.27 at 3101.38
3027.98 – 2822.12 = 1.27 at 3083.56
rat8nine said
There is something very interesting that I’m seeing so far this week. on Tuesday spx went to an external retrace vs its September 2018 high, of 1.27 of the move down. iwm retraced to .786, which shows a potential negative divergence, but also .786 is the inverse of 1.27. Today, spx made a higher high, up to around 1.618 external retrace of the Tuesday high. iwm stopped dead at an .886 retrace of its Tuesday high. If these areas get taken out, than it’s not that meaningful, but if the indexes turn here, it’s worth noting.
retest on the 60 minute:
pugsma said
$NYMO very weak move up today, barely above zero neutral line.
Big time 2 week long -DIV on $NYMO vs SP500 price.
pugsma said
AAII Weekly Sentiment Survey at 40%/23% Bulls/Bears.
Lots of red flags.
https://www.aaii.com/sentimentsurvey/sent_results
pugsma said
NYMO now negative on the day with an hour to close.
Not a healthy based internals advance for the SP500.
pugsma said
TLT could be putting in a bullish hammer candle on the daily chart.
This should be another red flag for equities.