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.
Blue 4th Wave: (1) new ATH and overall very bullish mid-term. (2) still think this is part of blue w-4 of an Orange W-3, that explains the resilience and upward momentum. (3) it would look better if SPX dropped to 4550 to complete the very shallow flat wave.
3rd Wave Character: (1) there is strong evidence that SPX is in the middle of a 3rd wave. (2) MACD & RSI daily chart showed continuous & consistent strength that most likely seen in w-3. (3) it would take a larger w-4 to wear down the high reading & a w-5 to create divergence.