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.
Big Picture: (1) SPX broke the lower trend line that has supported the rise from Oct. 2020; (2) the decline is the biggest--point-wise, as compared to the previous ones. (3) the rebound higher last few days is a retest of the broken orange line. (4) this may be w-1, 2 of a LD.
The market's panic response toward China's Evergrande early this week seems like a distant momery--it is hard to believe that is merely four days ago. What transpired is NOT the beginning of the end, but the end of the beginning--the crisis there is far from over, but only the first stage of the long process of rewinding the madness of the previous several decades.