EOD: Took all hands to the pump to spike breadth at the close and just closed below the signal line [barely]. This is a very interesting pattern everywhere at the moment. It's going to be one for the books most likely when it does finally break.
2:30pm EST: Volume has dropped to almost nothing on ES futures. Very odd. Cannot see a day with volume this low for a long way back. Perhaps our data feed is mis-reporting. ES 4230.75 measures as a wave iii down so that's possibly all she wrote for today. Once it takes out 4241.50 to the upside most likely off to higher highs.
1:37pm EST: The only thing that is happening is more air being blown under the breadth MACD weekly plot although it is attempting to cross down over the signal line. It would be no big surprise to see it reverse from that course into the close today and finish above the signal line. Hard to say when that is going to change. Vix is hitting new lows but no other signals so far.
NYAD weekly MACD looking very odd. Historically the only recent structure similar is in late 2007. Volatility derivative VXX is only a few points above a classic high degree nominal target zone 1 [3 more are possible-all lower] so this could get interesting quite soon. Explanation: the rectangles are drawn between the weekly NYAD MACD plot line and the general tops of the histogram bars. Most often these gaps do not persist for this amount of time and suggest not much holding up the plot line. Of course, it can float just as long as buyers support it but when it does break, it could be mild or quite dramatic to the downside. No terminal top yet.
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The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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