Looking for new ATH's within a month.
Expecting Powell to use very moderate language to give the Bulls one last hurrah.
Expecting Powell to use very moderate language to give the Bulls one last hurrah.
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NB most of the "metrics" I calculate, can be found on this TradingView website, "Leadership", "Breadth", etc
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Since this was posted (22nd), the Rusell 2000 has held up better, with the least -ve decline.
Now will be watching its range highs for more clues about the stock markets in total- as Tech/Growth are clearly struggling
Now will be watching its range highs for more clues about the stock markets in total- as Tech/Growth are clearly struggling
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If RUT can close 2250+ (over halfway of the range 2150-2350), don't be surprised if we rally 6-8 days on the bounce. (All US stock indices, including this one NDX)
The behaviour on the 28th has only happened 3 times since 1980.
The 30th, a lot more, but both have average +ve outcomes after 20-30 trading sessions.
I have plotted/charted all the outcomes, and posted on twitter.