NDX/SPX is probably a very unutilized tool, but it threw out a big signal and we are close to a support level that could be one of the dominos that starts the bear market continuation!
A squared plus B squared, equals Be Scared! no but don't be scared or panic be smart and look at the writing on the wall, or the candles on the chart I should say. I mean, does this scream bullish?
we've exceeded the fib line in the sand, .786 drawn from the previous low, we will test 2% by early next week, multiple bear market signals, NDX/SPX ratio about to break below 3.3, top forming on all major risk-on indices like the SP500, NASDAQ100, DOW, ETC, volatility about to tear up hard, the Dollar will continue to rise
updated with fib ratios to find probable boob formation
I'm Long and Strong and down to get the friction on!
update on my previous analysis but zoomed in to the 45 minute
history and patterns repeat if you have the eyes to see
If we turn up on CCI divergence ...We may see a big spring soon
just keep walking down the bubble
just an update to see how things are playing out from my previous chart
I like to put things into perspective sometimes, but this looks like a cup and handle to me, if that's right and we are at the end of the cup and handle this should spring up to post COVID highs, thoughts? this has been developing since the boom before the great recession
resistance rejection occurring we may see some big red days on spy, dow etc starting soon
inverse bearish cup and handle forming ?
This is a short term update of my early day charts, I think any SP500 rally from here will be capped by 3925 with a fall towards 3800. This is a short term look, from 3800 we may have some roll reversed resistance tests but ultimately this wave down I believe will go to the 3450-3550 zone.
1999 tech bubble high, roll reversal, not resistance, if we break below 3.1-3.2 imo this is a bearish signal