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.
Run-away Gap at 4020-4035: (1) see the big hand on the chart: it points to a VERY RARE occurrence for a major index daily chart--a run-away gap. (2) the space & price btw 4020-4035 on SPX cash has NEVER BEEN traded. (3) not to mention it is 61.8% from Oct. low--a good target, IMO
w-b of W-C? (1) the downward momentum is waning, and needs some recharge. (2) on my 30-min chart, it is also about time for a rebound to touch the upper resistance line, roughly 4380-4390. (3) if so, that zone would be the perfect reloading area for bears.
Good for 30+ points: (1) so far, the V-shaped small b-wave seems correct--it ran to 4373 after my last tweet; (2) still some room on the up-side, ideally hitting the dotted line then back down. Also, timewise, the better turning window would be Friday. (3) VXX calls are cheap.