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>4420=Corrective: (1) within 5-min after open, SPX topped 4420, and invalidated the bearish 5-wave count. (2) now, with the rebound > 61.8% of the entire decline [4545-4305], the decline is definitely a corrective wave--the only option for bearish case is a leading diagonal.
NYMO & BB line: (1) this is the fifth time in a row, when NYMO poked through the lower BB line, it would be THE bottom of SPX. (2) Also worth noting is the V-shaped huge rebound afterwards, without any divergence of the index. Quite a unique character of this market.