Quick Index TA
Can go on about this too, but only so much time
See #MarsiliosTA for ongoing intro to these methods, plus abbreviations in google sheet (link later)
DJI
Stunning steroid rally continues
DJI bull victory above YR1 (arrow) - not near long term level currently
DJI daily
But unlike others no new high last week, and sitting on QR1 (red arrow)
If any trouble this will move below its SepP at 35230 (orange)
hm, DJI more easily bearish but usually the worst short, what to do
SPX
Floated above YR1, then above HR1 (red crosses & arrows respectively)
Testing DeMark YR1 - jeez I'd like for some real institutional pros to take a whack at this
For now level to watch 4540, showing daily as well - they are nibbling on hedges / shorts
NDX
To the Moon? For now on QR2 (arrow) so any higher reduces bear threat
RSI across timesframes 70+
Q RSI 87
M RSI 82 - highest since dotcom has been 85
W RSI 75
D RSI 70
Could keep going though, but momentum should end when Venus loses strength 9/8 last day
RUT
Still below high of year
If sellers come in this will get hit
Fib Yearly R2 on recent highs and no follow through to last week's squeeze
ARKK
Big fan of Cathie & ARKK
having a rest year after massive NDX outperform last several years
May pop from D200 but has moved on Mars a lot
Mars strong to 9/11
If D200 fail this week then watch out below
VIX
Interesting VIX on DeMark pivot while SPX on DeMark YR1
Things that CFAs never say
Anyway, point is that VIX has to put in a big move to actually indicate trouble - close 20+ really
Until then cannot be too bearish despite what I think is pretty good setup - will explain
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.