Yeesh, SPX & NASDAQ TD Seq Red 1 on the Day and green 9 yearly
SPX first due to its longer history. The year chart is absolutely dreadful as twice before the price action has tested the support generated by the sequential to devastating affect to the market. This potential ways off at this point. What isn't is is our chance for a waterfall drop on the daily chart.
The NASDAQ doesn't have the same history as the S&P 500 but the 9 is still on the yearly chart and that red one on the daily.
Lots of things are syncing up bearish, between the Covid death counts, the eurodollar pumping, these indicators suggesting reversal on a macro scale we are looking at the potential to a lost decade in the United States and world.
Disclaimer: I am still getting use to this indicator but it is helpful having something help draw me ranges to evaluate and remove some of the human factor. I am looking to use this in conjunction with the VSTOP settings I have been experimenting to help me let my winners run.
The NASDAQ doesn't have the same history as the S&P 500 but the 9 is still on the yearly chart and that red one on the daily.
Lots of things are syncing up bearish, between the Covid death counts, the eurodollar pumping, these indicators suggesting reversal on a macro scale we are looking at the potential to a lost decade in the United States and world.
Disclaimer: I am still getting use to this indicator but it is helpful having something help draw me ranges to evaluate and remove some of the human factor. I am looking to use this in conjunction with the VSTOP settings I have been experimenting to help me let my winners run.
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