BREAKING: SEC TO LAUNCH INVESTIGATION OF ELON MUSK'S HAIRCUT pic.twitter.com/s1ce0bjdut— Hard Money (@hardmoneymag) December 6, 2021
Maybe it's different this time. pic.twitter.com/u1xQ2iTVys— Sven Henrich (@NorthmanTrader) December 6, 2021
When it comes to the Fed, speed matters. A fast tightening cycle is when Fed raises rates at most meetings. Slow cycle = Fed skips a meeting, on avg. Year 1 of fast cycles avg. SPX -2.7% vs +10.5% in slow cycles. 2/5 pic.twitter.com/vY5luVZnu0— Ed Clissold (@edclissold) December 6, 2021
4600 Recaptured: (1) now, the option that the first series of decline ended at 4495 has an upper hand, as 4600 has been retaken by bulls. (2) the dotted trendline may stop it for a while, before a resurge to 4650--61.8% retrace & major 2-hr resistance. (3) no resolution for EW.
$MMTW: (1) One of the major indicators I am watching closely for LT trend is $MMTW, the % of stocks above 20-day average. (2) it dipped much lower than a normal bottom during the bull-run, 15-20; hitting 8.96 this time & stay there much longer. (3) this, to me, is a game-changer.
Still Looks Unfinished: (1) SPX broke the downward trendline & 4600 level, but lost both in the end. (2) the decline from 4744 looks messy; the 4495 low is as unconvincing as the 4507 low, which I called "there is 0% it is THE low". (3) a deep retrace to <4550 would look better.
We are experiencing a "stealth" correction which started months ago and was forewarned by the eroding % of stocks above their 200-day lines. The major indexes will suffer relatively less damage than the worst hit stocks, but historically the indexes play a degree of catch up. pic.twitter.com/YJ0IMO0zJW— Mark Minervini (@markminervini) December 6, 2021
$SPY key level to break is $460, below that we can still see one more low towards $444. As long as $SPY > $444 I have us in a 1-2 for W-5 of the primary degree and going higher much higher in Q1 2022🐂 pic.twitter.com/zEmyu5ngoL— Mauro (@MauroBianchi24) December 6, 2021
Caution for me. Possibility pattern in red channel/yellow is running correction. Due to volatile nature, hard to tease out but there is a rising MACD pattern. Targets just under ~4300 very soon if true, erasing entire move from Oct low. pic.twitter.com/s5acQU1AHt— Puff Dragon (@PuffDragon11) December 6, 2021
Amazon has become a shipping and logistics behemoth.— Sahil Bloom (@SahilBloom) December 6, 2021
It happened gradually, then suddenly.
Predictions on what this chart looks like in 2025? pic.twitter.com/T3FeHrPQW7