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]
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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]
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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
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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)
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