On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.
Another Monday, another ATH—A script repeated so many times that it literally makes all the participants in this Big Show feel numb. Well, there is indeed some major breakthrough, though.
First of all, SPX finally broke through the key resistance trendline that has contained the rise over the past four months in a well-defined wedge. It is significant, as it demonstrates that the internal power has accumulated enough energy to aim at higher target and steeper angle. Secondly, NDX jumped out of gap with a runaway gap, signaling an acceleration move is in the making. If true, then the blow-off top everybody has been talking about for a year or two may finally bestow upon us.