Thread by @kerberos007

Wyckoff method & VSA analysis:

SOW = Sign of Weakness

Instead of monitoring 505 individual charts, I just had an idea to quantify all charts in $SPX, measuring the breadth of $SPX movement by comp stock momentum scoring

hint:

1 below chart showing Agilent's momentum score

2 if $SPX continues its melting-up due to a few "stonks", majority of the stonks would be showing SOW VSA pattern; topping formation & tuykey 1001

3 using the % of 505 stonks, showing the SOW pattern as a breadth indicator

4 the high SOW breadth is a great #markettop ind🦃🦃

5 I tend to call this SOW indicator as Turkey 1001 day indicator? 🦃🦃

6 Any fancy name for this?

7 "Turkey" breadth indicator would be good. 🦃🦃

I can automate the momentum scoring SOW system by calculating the SOW breadth for below indices

1 SP-500
2 SP-400 mid-cap
3 SP-600 small-cap
4 QQQ
5 SP-500 sectors - XLK, XLY, XLP, XLV..
6 Russell-1000 large-cap
7 Russell-2000 small-cap
8 SP-500 growth
9 SP-500 value
10 etc
👌😎

For perma-bulls🐂

SOS = Sign Of Strength

Calculate the SOS VSA breadth for all indices & sector to determine the breadth of individual stock showing the same bullishness as the index itself

Look for Jaws between SOS VSA breadth & indices

hint: below $ADBE showing SOS

Hint: below chart

R-Ind: same concept but using different metrics

using Russell-3000 stocks calculating the breadth

similar concept when SPX making higher highs (HH) & R-Ind making lower highs = the Jaws = 🦃

quiz: vigilant traders give it a try?🧐👌

https://twitter.com/kerberos007/status/1277812391741456384

Bonus: Just updated this similar Russell-3000 breadth indicator:

R1-ind => this one is good for identifying both:

1 top euphoria/FOMO zone & divergence as well as
2 BTFD - capitulation zone.

will divulge both indicators over the weekend.

stay tuned.