Snap back rally : In FED We Trust
Updated
Looking for new ATH's within a month.
Expecting Powell to use very moderate language to give the Bulls one last hurrah.
[Last Friday and Monday were mild panic's, based on all the metrics previously described on here/twitter, that can be faded]
Expecting Powell to use very moderate language to give the Bulls one last hurrah.
[Last Friday and Monday were mild panic's, based on all the metrics previously described on here/twitter, that can be faded]
Comment
Sept 28th and 30th were quite perculiar, market-internal-metric-wise.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.
[NB most of the metrics I use, can be found on this TradingView website]
Comment
NB most of the "metrics" I calculate, can be found on this TradingView website, "Leadership", "Breadth", etcComment
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
Comment
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)
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