SPX...Upon Reflection!
Updated
BLUF: The Machine…Algorithms are more prolific during low liquidity market regimes and with increasing practice since the Great Financial Crisis. It’s important to note that algorithms are coded for logic that is level seeking and keyword oriented… and they love to fill gaps and seek out and find moving averages.
“Overbought”, still Hi, even with a 3% correction executed, but sentiment has been neutralized…an overextended market would likely need to be resolved for both extreme sentiment and price/valuation…this market isn’t oversold as of yet and based on market breadth/internals/moving averages…there is still downside risk…More-Better-Best buying opportunities are when the weekly signature is oversold…that’s a ways off!
“Mamba mentality is all about focusing on the process and trusting in the hard work when it matters most” —Kobe Bryant
Market Makers love Volatility...your bout to see some this week and beyond...no doubt...Cheers! TEAMs...TBD!
“Overbought”, still Hi, even with a 3% correction executed, but sentiment has been neutralized…an overextended market would likely need to be resolved for both extreme sentiment and price/valuation…this market isn’t oversold as of yet and based on market breadth/internals/moving averages…there is still downside risk…More-Better-Best buying opportunities are when the weekly signature is oversold…that’s a ways off!
“Mamba mentality is all about focusing on the process and trusting in the hard work when it matters most” —Kobe Bryant
Market Makers love Volatility...your bout to see some this week and beyond...no doubt...Cheers! TEAMs...TBD!
Note
Stephen Harlin MDnextsignals
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22m
Two inversions (Term Structure and the Yield Curve), a broad market decline, and Money Managers have run to Utilities, Staples, and Bonds. Secular growth and defensives up YTD.
Note
But above all else - do not underestimate the Chinese ability to stimulate their economy. It might not be long-run economically intelligent stimulus, but since when does that matter? It's coming.And it will shock the world.themacrotourist.substack.com/p/buy-the-periodic-table?token=eyJ1c2VyX2lkIjoxODMyMTAxLCJwb3N0X2lkIjoyNjA0NzAsIl8iOiJrOTFJbiIsImlhdCI6MTU4MDY2OTI2MywiZXhwIjoxNTgwNjcyODYzLCJpc3MiOiJwdWItMjA0MzkiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.fIqX7Mf1QU8ckaG_EHRcJMJwxPxT-Kh2ZQ1imupIXz4&utm_source=substack&utm_medium=email&utm_content=share
Note
Nice Bounce....added to my short bringing my average cost down....I like it! Cheers!
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