Friday, June 26, 2020

Projection- Building Negative Breadth Prior To ST Top

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Please- Ignore All The Nonsense Headlines Connected To Every Move- This Encourages 'NO SENSE' Trading Strategies. What The Market Vectors Tell Us Is Mostly Borne Out Eventually.

Let's see if we get another daily negative breadth (8 out of 14= 57% down sessions). Also, could be a  second consecutive down breadth print on the weekly chart since 6/15/20 but we need to wait for the closing values to print to verify. 'Y' targets still apply. Patience is required when important junctures are forming.

Update 12:25pm EST.  Looks like a resistance at 3003 zone (-161.8% on chart) so far, intra-day. Down breadth is still a strong negative value.

1918 Pandemic Did Not Tank The Market!
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See Important Long-Term VIX Study

Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

The bots will flag here when they see a top. (1/25/202/20/204/30/205/11/20)
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
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