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#mcmcharts

Will be posting a ton of charts in this thread

Update on the deleveraging patterns (broadening patterns)

$SPX
2/

$COPPER is behaving exactly as it has during other #centralbanking experiments when compared to $SPX
3/

Bulls remain at absurd lows and extremely under allocated which is very likely to create an accelerated/unprecedented FOMO situation if it gets going $SPX #AAII
4/

Plenty of room for both McLellan Summation & McClellan Oscillator to run & both are not close to turning as of yet

$SPX
5/

$VIX is getting totaled & $VXO is testing the lowest price of the year...imo this is likely to get much worse than I was expecting
6/

Cumulative $tick confirmed today’s highs on $spx - this suggests follow through to the upside and after the absolutely dramatic outperformance vs $SPX last week imo significantly higher prices should be forthcoming
7/

$RUT and $SPX broadening patterns both appear on track
8/

For what its worth #NYAD confirmed the ATH on $SPX
9/

IMO these patterns are now so clear that an overthrow is the only realistic outcome $SPX line and candle broadening tops
10/

There is a small chance that $RUT could be still working on a head and shoulders pattern - but doubt it
11/

this is looking like a breakaway gap to me NOT a topping pattern - but I am open to which ever way it goes $SPX $NYA $INDU
12/

Interesting spot for $SPX coming up
13/

What direction does this suggest for $SPX?
14/

In-freaking-real
15/

Even more UN-FREAKING-REAL

Clearly people in DC do not understand inflation at all
16/

Put/Calls are dropping but not setting up a bottoming pattern and $SPX topping pattern yet
17/
LEVERAGED LOANS/CREDIT

Hmmm
18/

One thing that could be happening - though it probably going to get much more extreme, is a throwover on $JNK in conjunction with higher tests from $INDU...(but TBH I expect that to throw over too)
19/

$wood continues its rather spunky rebound...and likely needs more work
20/

Another look at $SPX
21/

High Yield Bonds are doing fine $SPX
22/

On the negatives list $NAAD is lagging presently (but that can change quickly - esp if cumulative $tick [previously posted] is any indication.
23/

$GS probably still going to try to try sometime imo
24/

$VIX and $VXO gaps below
25/

$NASI - not even overbought yet
26/

$SPX and $LQD 2 hr chart shows nothing in the way of risk aversion imo
27/

Rate Cuts coming SOON
28/

$DXY making a small pit stop on the way lower to test bottom rail
29/

High Yield in perspective vs $SPX not showing risk aversion
30/

If there is euphoria PLEASE FIND IT FOR ME on this chart $NAAIM $SPX
31/

Speaking of 1929 $INDU
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