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.
Consolidation Day: (1) SPX moved sideways most of the day, before sliding to 4667. (2) I would bet the black TL at 4642 would stop the drop. (3) it is worth noting that 12/17 is a major cycle for a bottom; so, that may be the w-2 low after FED's decision and presser.
AAII Investor Sentiment Supports Bull Case: (1) Though not accurate every time, but AAII's weekly sentiment data has more predictive power than most chart-based indicators. (2) simply put, when Bullish > 40%, closer to top; if <30%, closer to bottom. (3) Dec. 8=29.7%, more UP.