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.
The last global financial crisis in 2008-2009 was triggered by U.S. sub-prime mortgage crisis; this time, it is China's turn----Fitch warns an Evergrande default may have broad China economic effects.
61.8% retrace at 4435: (1) the low of SPX ystdy was 4435.46, exactly the 61.8% retrace of 4367-4545. (2) the spike up last hour is fairly impulsive, signaling a w-3 of certain degree is ongoing. (3) 4500 would be the first major hurdle for the bulls; after that, new ATH is due.