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mcm-ct.com @mcm_ct
, 30 tweets, 11 min read Read on Twitter
1/

Let’s get this mini #mcm_chartstorm going

$SPX resistance - big time overhead
2/

$spx high beta is the new low beta & to us a canary/tell that all is not what it seems & what @cnbc pumpers are selling
3/

$spy $spx head & Shoulders has reached symmetry & likely complete
4/

The $indu Head and Shoulders is almost at symmetry but close enough for government work esp when government is shut down
5/

Lots of kisses at resistance
$ndx $indu $spx $rut $compq
6/

$vxo (original volatility calculation) is not buying this ramp & is much stronger than $vix (the new methodology) $spx
7/

$tran Transports at some horizontal resistance
8/

Major $spx resistance relative to the crash is being tested & imo unlikely to be easily neutralized
9/

Another look at $spx
10/

Beautiful $qqq chart
11/

$tran Transports lagging & esp yesterday complete;y diverged with $spx & $bank indexes. This is non-confirmational for the apparently super bullish bottom that everyone thinks is in play
13/

$cpce all we have to say is Hmmm
14/

$nyse advance/decline ratio to #equity put/call is still non-confirming & in a strong down trend as per Oscillator
15/

$spx Counter-Trend zigzag symmetry for the C wave has consistently been significantly less than on A waves
16/

$VIX is showing an interesting pattern vs $SPX
17/

More vies of volatility $VIX $VXX
18/

Walmart $WMT ratio to $SOX index says BEAR MARKET IS ALIVE AND WELL $SPX
19/

$BKX Index is testing resistance after a major trendline break - this is not pretty imo for buyers
20/

$VXO ratio to #VIX says trouble has already started for $SPX as per the trendline breaks on this chart
22/

Some near-term positives remain. Participation is leading $SPX which suggests a buying panic. If that buying panic is, however, just a squeeze where longs are being hoodwinked into longs & shorts are being hoodwinked to flip long at significant losses...well, look out below
23/

Credit is in an epic squeeze - this does not look sustainable to us, but nonetheless, credit leading #equities is a positive but also approaching resistances
24/

The problem with credit is $BANKS which are diverging/lagging bigly $GS $C
25/

$NYSE nuff said
26/

$TICK index show traders tried like hell to buy the dip right into a crash...those left will be natural sellers at the lower end of this red box and imo $SPX will not likely succeed in recapturing this precisely because this is exactly the same setup as in 2000 and 2007 tops
27/

Here is a look back in history as to how this manic, deluded and unconstructive behavior has resulted $TICK $SPX
28/

$RUT remains weaker on this bounce than $SPX - not pretty
29/

In the bigger picture $RUT remains getting absolutely crushed vs $SPX and incidentally as a complete fraud in 1 out of 11 companies in the index plus tons and tons of zombie firms - all brought to you by @neelkashkari & @federalreserve
30/

Looks ready for the rug pull! $COMPQ $SPX

RUNNING CORRECTION looks exceptional.

(@tommythornton just for you - are you ready - probably not. Can you believe this guy blocked us for sharing this exact chart with him with professiona/non-confrontational/debasing comments)
12/

Here is a positive to consider $btk Biotechs usually lead speculation & growth investment trends - so this is acting like credit is right now and may be doing so for similar reasons
31/

A closer look at dip buyer failure and the creation of gargantuan overhead supply on $SPX
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