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.
MACD & RSI: (1) DTK is still in the orange zone, but stalled there. (2) from the most basic TA indicators [MACD & RSI], SPX looks more like "at the end of beginning, rather than the beginning of the end" for the current major leg-up. (3) it takes at least a month to wind it down.
w-4 in a strong trend: (1) if the previous w-3 is super-strong, esp. if it is the 3rd of 3rd, then the subsequent w-4 may only retrace 23.6% of w-3. (2) that said, so far, the blue w-4 is SO short in its duration and doesn't look completed. (3) would expect it to back to 4535.