After breaking below its July low yesterday, $IWM broke below its March low too today. The most likely target for the next daily cycle low is the December 28 2020 - January 4 2021 range: 201-191. pic.twitter.com/HMWhMvHhFT— CyclesFan (@CyclesFan) January 19, 2022
Creaking bull: The 54 month nominal component, which bottomed in March 2020, is starting to roll over. Below $SPX one of the more bullish. Likely support at the 20 week VTL and 40 week FLD circa 4400 for incoming 40 week nominal low mid Feb. #StockMarket https://t.co/kc9CMEJ9kt pic.twitter.com/auJ2h7mFvx— David F (@TradingHurst) January 19, 2022
Here's the carbon elephant curve. Fascinating to see that low- and middle-income grps in high income countries are reducing emissions, while the rich are dumping pollution into the atmosphere at an ever increasing rate. pic.twitter.com/oMFINfSqks— Mark Paul (@MarkVinPaul) January 19, 2022
The #VIX is Bearish above 20 and may rise into the Jan 31 cycle.— Francis Bussiere (@AstroCycle_Net) January 19, 2022
The Nyse Stocks A/D is Bearish and we still have not seen a capitulation high volume day that is most likely necessary before a Low. The first move down from an ATH is often 8-12% which would be #SPX 4.430 to 4,240 pic.twitter.com/AKPHubMu0m
4532 is the final RED LINE: (1) I think I have been clear about my take of the current leg down: if 4532 can not hold and stop the bleeding, then we are a CRASH on-hand. (2) no kidding, SPX goes to the 4424 target in one big swoosh.
Legendary: (1) This chart & this call for dropping to 4532 throughout of the day, is what a legend is born--come on, give credit when the credit is really due!!! (2)
This is as accurate & insane a call as you can get. (3) hope you made some money & or at least, not losing money.
#NQ_F, 5m— Yuriy Matso (@yuriymatso) January 19, 2022
Mood is changing quickly today.
Bulls failed to take NQ above the morning's highs (blue arrow) and momentum shifted to the bear side again.
There is support at 15125 but what if it doesn't hold? pic.twitter.com/AjJi7WvX2l
Nasdaq closed down 1.2% to enter correction. It's 66th correction since index was 1st launched in 1971 & of those corrections, 24 of them (37%) have resulted in bear mkts, or declines of at least 20% from recent peak. More recently, corrections have served as buying opportunities pic.twitter.com/PD6ogA1kzl— Holger Zschaepitz (@Schuldensuehner) January 19, 2022
Bitcoin Jumps On News Google Is Entering Crypto Space https://t.co/HBZXR9Hyhr— zerohedge (@zerohedge) January 19, 2022
1. We’ve had the biggest shift in $SPX sentiment since 2020— The Kobeissi Letter (@KobeissiLetter) January 19, 2022
2. WTI Crude trading like nothing is wrong
3. Gold’s worst performance since 2014 despite 7.0% inflation
4. Bonds are trading like $SPX is at 6000+
5. The Fed is in panic mode
If you can’t tell, this is not normal.