After tracking perfectly since March, $SPX seasonality took a break last week - its supposed to bottom ~Thanksgiving and did Dec 3 instead. It more than made up lost time yesterday. *Average from here: Price consolidates/cooloff until early next week, and then rallies into 2022 https://t.co/SPnJueg8NN— Adam Mancini (@AdamMancini4) December 8, 2021
$VIX above 30 is a very difficult level to hold & needs ongoing fear to keep it so high. If $SPY goes sideways for just a few days $VIX gets crushed.— Steve Burns (@SJosephBurns) December 8, 2021
The 10-day / 30-day EMA crossover is an early signal of momentum.
70-RSI is an overbought level where $VIX frequently fails. pic.twitter.com/TBMUPHo9Lq
that's what too much China and not enough Taiwan can do to you pic.twitter.com/q0XMKW1lp3— J.C. Parets (@allstarcharts) December 8, 2021
32 years ago in 1989, the world's top 20 companies by market cap were mostly Japanese (due to their QE induced Nikkei super bubble). Today not one is on the list. Keep this in mind as U.S. super bubble comes to an end. pic.twitter.com/dWq1SY7Lun— B.P. Rising (@BP_Rising) December 8, 2021
MT/LT picture: (1) yesterday's market action put to rest any bearish read or count. (2) after hitting ATH, SPX should revisit this gap at 4650, before the most ridiculous blow-off top early next year. (3) the extreme LOW $MMTW & HIGHEST bearish sentiment would propel the pig higher.
Estimate of the FINAL TOP: (1) given what has been transpired over the last week, it is possible to estimate the "Final" TOP--see chart for reference. (2) this road map corresponds well with a Fed decision FAKE drop mid-next week for w-2, then the Christmas rally for 3rd of 3rd.
The 2020s are going to see:— Noah Smith 🐇 (@Noahpinion) December 8, 2021
* A revolution in how we produce energy
* A revolution in how we transport and store energy
* An explosion of miraculous biotechnology
* A new space race
* Broad application of A.I. and nanotech
I'm really excited.https://t.co/aALmphGFU1
Wall St resumes rally for 3rd day w/S&P 500 securing its biggest 3d rally of year. S&P 500 gained 0.3%, closed at 4701, just 3pts shy of a closing high as fears over the omicron virus variant eased after BioNTech said studies showed 3rd dose of their vaccine neutralizes variant. pic.twitter.com/b1AHvuAAbw— Holger Zschaepitz (@Schuldensuehner) December 8, 2021