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After hearing from some #ticktools users today I want to stress a few things in this small thread...and I urge you all to think about my comments personally and also review the webinars...

/1
One of the main features I tried to build into #ticktools is objective mechanisms/criteria that help you know when YOUR GAME and SELF & CAPITAL PRESERVATION needs to go up a notch...

the way I see it is this...

/2
WHEN THE MARKET MISBEHAVES...

U NEED TO IMPROVE YOUR BEHAVIOR...

its really simple really...& this is where Seller X-Ticks/exhaustions come in

BREAKING DOWN SELLING EVENTS MEANS SELLERS ARE BECOMING MORE EFFICIENCT

BREAKING DOWN X-TICKS MEANS SOMETHING IS CHANGING /3
Read 14 tweets
#mcmCharts

lets start with forward looking charts

I have been posting $BDI for quite sometime...and as you can see it has been an exceptional forward cue on changes in direction for $SPX - its not great for scale of move but rather TIME...

Trouble starts in Q2 based on this /1
have been presuming $SPX would left translate to the $VOL projections on this chart...but getting increased less optimistic about Jan/Feb left translation...

UNTRANSLATED this points to April/May/June - lets just call it mid May...which is essentially same thing $BDI implies /2
have to finish #mcmPanicEuphoiraIndex array chart BUT we have new 5 year highs in these emotional tools

AS YOU KNOW I RIGHTLY SUGGESTED in NOV...multi-year highs increase time/effort to balance NOW WE HAVE NEW CONFIRMATIONS - very skeptical of a quick topping process $SPX /3
Read 66 tweets
#mcmcharts

1/

50+ important charts coming today and imo the picture is clearing up for the short-term

lets start with $AAPL
2/

monetary aggregates and unemployment - still have not turned #SPX #M1 #M2
3/

$NYSE internals are constructive and confirmed last equities highs which suggests that new highs are likely and that those have a possibility to be unconfirmed
Read 61 tweets
New line in the sand on the day is 2684 which was a top 9 percentile X-Tick buyer capitulation. This is now support and will be defended...below it represents a demerit for buyers and would target prev seller exhaustion #ticktools
its no small achievement what buyers have accomplished here breaking over the 2684 X-Tick and it remains a bullish signal short-term #ticktools
for sellers would like to see #ES_F below this 2684 level...normally fed days are not straight up and the first reaction which in this case was positive is reversed...but today...is not following that as of yet - we’ll see
Read 3 tweets
Out of these shorts for 1 point profit - action is weird
not feeling well today and this action is miserable...#ES_F needs below 2641.5 for sellers and popped back above it...if it drops below there imo bears get the ball and would likely attempt to run with it #ticktools
FWIW remain in our swing shorts BTW
Read 4 tweets
Let’s get this #mcm_chartstorm going

1/

Let’s start with the $INDU
2/

And $SPY $SPX have the same pattern & perfect symmetry BTW imo
3/

$SPHBI High Beta index made a perfect kiss of resistance
$SPX
Read 61 tweets
Execution Sentiment Index is STILL NEGATIVE even after a 30 point #ES_F ramp - that’s unprecedented #ticktools
The other thing that is astounding is that after a 30 point run straight up DollarFlow index is only $1.3 billion in inflow #ticktools
Implication seem that this ramp is being sold into because there seems to be little conviction on buying it imo #ticktools
Read 3 tweets

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