Profile picture @mcm_ct
, 13 tweets, 5 min read Read on Twitter
Mini Chart storm starts now


Global Dow broke support yesterday - this is a BIG DEAL

Major US indexes failed at resistance and are now in process of testing shelf supports that open flood waters when broken

NOT what you want to see VOLUME ON DECLINING ISSUES is way bigger than the decline in the Advance/Decline line. The largest this year. Suggests institutional commitment to the selling $SPX

$NYSE new lows are still not capitulatory though they are starting to breakout

The $SPX #SPX Catch-down to global markets and commodities has a very long way to go -but clearly has started

#equty #PutCall ratio bounced off two supports - not to be taken lightly

$KRE to $SPX ratio has been telling for a long time that a big drop in rates has been in the works - hit a new low yesterday - this will have lasting impacts on $UST

$SPX high beta - posted a significantly weaker bounce attempt yesterday and is in a clear descending triangle

$GS Goldman Tax has shown a clear false breakout and once it breaks the lower support confirms that completely which gives it a dramatically lower measured move target

Microcaps BROKE DOWN

$nikkei $NIKK showing a clean bear flat UNDER MAJOR RESISTANCE - not pretty unless one is bearish imo

Ignore $VIX are considerable risk imo

$NYSE candle yesterday was rather bearish and also hanging right at/below a crucial support imo
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