sp'daily5
vix'daily3
Summary
Daily MACD cycles for the indexes/VIX are telling the story..and are simply just ticking higher/lower respectively.
NO sign of a turn yet...and indeed, all else being unchanged, it doesn't look like the bears have any hope of a turn for another 2-3 days at least.
So...this week is now arguably a write off.
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*With yet another day higher, the sp'weekly (rainbow) chart has just flipped to an outright bullish green candle.
It should be noted the upper bollinger is now @ 1610..which is almost 2% higher from where we currently are.
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A lousy day...it can't get much worse..right?
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ohh, thats right..of course it can.....sp'1584...lol, its almost going parabolic like Bitcoin.
This could just be one sub' wave of a much large wave, that even stretches into next week.
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11.22am...If I'm reading it correcting, the NYSE advance/decliners ratio is a bizarre 0.3..
roughly 3-1 AGAINST the bulls.
Can someone out there confirm this please? I really don't follow that aspect much, and I'm unsure if I'm reading it backwards, although I think I'm right.