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#mcmCharts

1/ $TICK $NYAD $NYUD $SPX
2/

Permabulls are positively salivating over this pattern but markets are in distribution NOT accumulation presently

$SPX $SPHBI
3/

$BPSPX ticked up - however, seems destined for a lower high vs $SPX
4/

#mcmSentimentIndexes and #mcmPanicEuphoricIndexes

panic to euphoria in a matter of days
5/

$VIX $BONDS - just say NO to $SPX
5/

$bank s liked the $BOND moves which imo means that markets are likely to be dissapointed by Janet Powell‘s moves next week
6/

$RUT & $SPX
7/

$SPX its just a retest imo
8/

$SPX in the top 11 most over bought conditions since 2009 low
9/

Interest rates before the 1929 depression
10/

What rate spreads are forecasting for Volaility...appear to be a multi year episode $VIX $UST
11/

Yes $UST and #equities can trade in high correlation & for extended periods - as you can see the #10yrBond has traded in very similar correlation to the $SPX as the $BKX
12/

While it appears the expectation for higher rates is being priced into SOME banks like $JPM the $BANK index as a whole and $GS are significant laggards - so, JPM once again (being a powerful board member/shareholder of the @federalreserve) is again the chosen one?
13/

$COMPQ is again at the highest valuation vs $GDP since 2000 but its nothing to be concerned about
14/

Update on my #buybacks chart in which McClellans are starting to get into testing distance of uptrendlines and #buyback performance has snapped back pretty significantly in the last 4 trading sessions

Note $NASI McClellan Summation 2nd from bottom is testing zero line $SPX
15/

McClellans all of them vs $SPX
16/

$RUT vs $SPX
17/

Long-term $SPX line chart keeps testing major resistance and may want to again
18/

$HYG bid to the highs and oblivious to major bond markets - imo this seems like a pretty big deal, mispricing and desperation of market participants that won’t end well
19/

$SPX
20/

$SPX
21/

Each manic blow off episode in bonds vs $SPX has resulted in further liquidations after squeeze was over & b4 markets cod clear to go higher BUT THIS ONE TAKES THE CAKE - biggest blow off in bond/$SPX history & imo liquidations coming will be too

Bond selling not over imo
22/ Speaking of $UST this is my study this weekend that looks at this dislocation in depth and is worth a repost in this thread... $SPX
23/

$SPXEW shows that the advance has been thinning (losing participation) & majority of market is in DISTRIBUTION for years now - this thining participation has NOT benefited from this bounce and did not get divergence/higher low on this pullback either
24/

$USD $DXY inflection points tend to have broad impacts on markets in inflicting turns on them as well...the $DXY tends to have inflection points that lag by 24 to 28 trading days or so vs $SPX
25/

$BTC model still sees liquidity issue directly ahead for $SPX as you can see in the forward projection
26/

The $BDI projection also suggests trouble ahead for $SPX and risk
27/

Up/Down volume is much more important than A/D which is a scam/victim of financial engineering number imo

So far this is showing the THIRD major divergence setting up if shorter-term divergence also comes that would likely be something not to ignore $SPX
28/

$QQQ looking kind of troubled
29/

$VVIX ratio to $VIX just an interesting chart
30/

The big picture $INDU
31/

DISTRIBUTION INTO THE HIGHS $WLSH
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