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monitor below chart closely.

$NQ just re-tested the lower support level

$NQ low = 11,598

they can't allow to plunge below 11,600 level.

otherwise, tomorrow bloodbath.

see below Support & Resistance levels

super accurate😉

stop-run levels on both sides: bulls & bears👇
$NQ support & strong resistance levels

4-hr chart since Aug

$NQ above 11,600 = strong support (late Aug)
once breaking down below 11,600 (in Sep), then
it became strong resistance

then,

once it breaking above 11,600 (in Oct), it became strong support

super accurate TA? 😉 Image
$NDX (not $NQ)

$NQ futures has ON real volume

$NDX is an index; there is no real volume

$NDX volume is approximated by aggregating volumes from individual component stock using weighted avg

not 100% accurate, but close for our purposes.

below: use your imaginations Image
Read 112 tweets
AAII Sentiment survey update:

(Bullish - Bearish) spread just reached a cycle low last week.

See the contrarian nature of this indicator.

Dec, Jan, Feb = Green = bullish > bearish
Mar, Apr, May = Red = bearish > bullish Image
AAII sentiment survey chart from 2010 to 2020:

Interesting:

1 notice all the "bull-bear spread lows" in the past?
(huge pessimism)

2 just before a major up-trend..

3. this time is different? (not good) 🤔🧐 Image
Don't panic. bears

I trust more on what they DO, not what they SAY

what they do? CNN fear & Greed index from the trading
what they say? AAII survey

When in conflict, trust

1 CNN fear & greed index
2 & VX furures term structure
3 Equity Put/Call ratio
4 Volume divergence Image
Read 27 tweets

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