This is the most aggressive selling of volatility since the bottom in March 2020.— Mac10 (@SuburbanDrone) November 29, 2021
We can assume that from this point forward hedge funds are no longer hedged and will be forced sellers on any downside follow-through. pic.twitter.com/4WwMXTRm5m
*POWELL: OMICRON ADDS TO ECONOMIC RISKS, INFLATION UNCERTAINTY pic.twitter.com/wRQknQMnAc— zerohedge (@zerohedge) November 29, 2021
Today's action not going to do much to relieve concerns about weakness beneath the surface.— Willie Delwiche (@WillieDelwiche) November 29, 2021
This was day 4 of both NYSE and NASDAQ having more new lows than new highs.
We are at 8 days in a row of NYSE+NASDAQ combined new lows > new highs pic.twitter.com/ZgciDjOyRV
There is no bull or bear, there is only the market pic.twitter.com/urYz410u3M— Will Clemente (@WClementeIII) November 29, 2021
ABC rebound: (1) tdy's rebound is in line with the roadmap I posted last Friday. (2) if the decline is indeed a LD as I counted, then it would most likely go to start of w-5, which is around 4685-4700 zone. (3) now it is the first leg of this ABC blue zigzag. 4685 key resistance.
w-a of zigzag done at 4673: (1) the blue zigzag roadmap was posted on Fri, after market close. (2) today's action pretty much followed that path, with w-b started from 4673. (3) a sizable retrace to 4630 is expected for tomorrow, then a final push to 4685-4700 for potential W-2.
In 1929 Market Cap to GDP (top indicator of overvaluation) was near 100%. In 2000 it was over 150%. Both preceded major corrections. Current 2021 super bubble is around 215%. Any questions? pic.twitter.com/AffIqMCo9P— B.P. Rising (@BP_Rising) November 29, 2021
Studying up on some old technical chart patterns pic.twitter.com/CbWlVwrf0j— Sven Henrich (@NorthmanTrader) November 29, 2021
On Friday we had a big sell off on virus news (down 2.3%) and, as I write, we are having a sharp rebound (up about 1%).— Jim Bianco biancoresearch.eth (@biancoresearch) November 29, 2021
Does this remind you of anything???? pic.twitter.com/xP0KiwkhUQ
S&P 500 erased November losses, with strong rebound today led decisively by Tech; Cons Discr & Utilities also saw healthy gains, while cyclicals took back seat … growthier sectors’ gains pushed Russell 1000 Growth ahead of Russell 2000 Value YTD; former leads by wider margin QTD pic.twitter.com/Vcouj3yVMJ— Liz Ann Sonders (@LizAnnSonders) November 29, 2021