Week moves at each new high followed by bearish engulfing. RSI not confirming
This points to smallcaps continuing to underperform spy. That is generally bearish for stocks
Looks like it is kissing underside of support and not real rsi divergence to support upside. Caveat, anything can happen.
But the arrow is pointing upwards LOL Protect your long by selling 234 calls
A drop below 115 and timber!!!
Could be a repeat performance of failed news/breakout
Quit thinking $spy is the whole market dude!
Looks like we are back down to major support
This spread has been a good buy indicator when it hits this level. The problem is that stocks have gone up instead of down on this spread rise. is it different this time?
If we see this pattern break down it would target 103. See 2018 break down for comparison
A close below 295 puts the possibility of a double top in play. Manage positions accordingly
I don't trade this one but I would be careful with that slight bullish divergence. Short but keep reasonable stop
This is not 95' or 98' two completely different rate cutting cycles with completely different economic conditions. You should focus on 2001 and 08' for more accurate assessment. If fed cuts more than 3 times we could see an acceleration of the steepening of yld curve which would not be greeted well in my opinion.
There appears to be about a 1-2 month lag in $spy vs $lqd. If $lqd is topping here then you should be selling $spy as well. Lets see how it plays out
Will head and shoulders pattern get consumated? Scary stuff 117 target to fill that gap
Too many spikes in price both up and down. Not enough price discovery. needs fully auctioned before we breakout of this zone.