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.
SPX MA 50=4436: (1) 3 things stand out in this 2-hr chart--a, the 4056-4545 leg can be perfectly counted as an ED, with a throw-over to 4545 then break lower. b, 9/17 is a cycle turn date; c, SPX closed below--barely--MA 50=4436. (2) though DTK is not orange yet, VIX is ready.
Conflicting Signals: (1) I am confused by the conflicting signals here--EW, Cycle, Trend, TA, all line up for a major plunge & bear market; (2) but, NYMO, CPCE, MMTW, all give room for another leg higher--though may not be ATH. (3) moreover, DTK is not RED yet. FED meeting 9/22.
Perfect Storm: (1) 9/22 would be FED's last chance to make a stand--though the result would be same, IMO. (2) 9/23 is due date for first major chunk of Evergrande's debt--almost 100% default. (3) for US investors, 恒大 is a strange name; but it holds 1T$ assets vs. Lehman, 600B$.