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 Daily signal: (1) remember the MACD Divergence I was looking for--well, it now looks ready for a little tilt up. (2) HOWEVER, the current shape & pattern has almost 0% possibility that the low of this series of decline is over. (3) I would expect SPX hit 4420 to end this leg
62% Rebound to 4595: (1) a bear-trap at the open & then propelled by short-covering to EXACTLY 61.8% of yesterday's decline. (2) two options for next: A, this is w-2 of W-3, with 3rd of 3rd to come; B, this w-b of a zigzag W-C. (3) Given the EXTREME oversold readings, B is likely