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2022.08.27

This is the biggest overnight gap open since 2020 lockdown pandemonium. pic.twitter.com/ysvARgRZWK
— Mac10 (@SuburbanDrone) December 20, 2021

$SPX bottomed at 4531 in what is likely the last big down day in December. From here we're likely to see a rally into December 29. After today's decline 4800 is off the table, but we may still get a rally to the upper BB which means a marginal new high is still possible. pic.twitter.com/pM3o17GXMM
— CyclesFan (@CyclesFan) December 20, 2021

Last week, 4590-4600 in #ES_F was key support. Bulls had 3 quality shots to rally off it & fumbled badly. Bears in control

Plan today: 4540-45 was next down as posted & battling there now. If relief bounce coming has to be here but unless 4600 clears on it, 4475/4455 next down https://t.co/8UUEQBCa6g
— Adam Mancini (@AdamMancini4) December 20, 2021

This is how parabolas resolve. large portion of the crash occurs in a very short period of time, trapping masses...This one crashed 30% in 2 hours. Then the rest of the sell off is realized as trapped crowd capitulates. Parabola started around 10, its headed to 10. #USDTRY pic.twitter.com/ZuIK9APSY3
— xTrends (@xtrends) December 20, 2021

$SPX cash just tagged the September highs & bounced.
Bulls will want to defend this level this week. pic.twitter.com/vrmvac3nz6
— Sven Henrich (@NorthmanTrader) December 20, 2021

By Master Wu

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.

Daily Review

2022.08.27

Two MAs: (1) While most traders watch MA-50 for reference, I find MA-55 is much more accurate--sometimes to the penny, to nail the high/low. (2) tmrw, MA55=4585 & MA50=4607 would be tested--given the internal wave structure, I bet it would get over 4585, but fail at 4607.

Triangle 4? (1) at 4531, SPX completed a zigzag corrective wave, whereas w-a=w-c. (2) it can thrust lower for a 5-wave impulsive wave, but not necessary--A, 12/20 is my cycle turn date; B, a zigzag corrective wave fits well with a triangle W-4. (3) A trip back to 4720 area is on.

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DAILY INFORGRAPHIC

In case you missed it: Elon Musk, world’s richest person, said on Twitter that he’ll pay >$11bn in taxes this year, an amount that could constitute record payment to US Internal Revenue Service. Unusually high levy comes after Musk exercised 15 mln options https://t.co/JV2oNFcr4h pic.twitter.com/HRpnEMcvzZ
— Holger Zschaepitz (@Schuldensuehner) December 20, 2021

$SPY Hammerish* candle at the 100 SMA and also the bottom of the recent range. pic.twitter.com/pCINwRI86p
— Theta Warrior (@ThetaWarrior) December 20, 2021

Every single one of these dips there was someone calling for the “This is it” end of bull market moment.

Look, we still have higher highs and higher lows. The trend still remains bullish despite that Vol is higher and breadth continues to be weak.

Be tactical. Focus risk 1st. pic.twitter.com/yPYgf43nZC
— Figuring Out Money (@mikepsilva) December 20, 2021

#ES_F, 1h

Dip buyers stepped in... yet again.

If bulls can push ES to move above the 4600 level, this would yield a potential Bear Trap.

Investors are still conditioned to buy any dip. pic.twitter.com/Zrjnt3h5EL
— Yuriy Matso (@yuriymatso) December 20, 2021

Everyone logging into their trading accounts today pic.twitter.com/MgT2KL5eGW
— Kenny Lay (Parody) (@EnronChairman) December 20, 2021

Fintwit Watch Archive

2022.06.01

Fintwit Watch Archive 2022.04 +

Fintwit Watch Archive 2022.03 +

Fintwit Watch Archive 2022.02 +

Fintwit Watch Archive 2022.01 +

Fintwit Watch Archive 2021.12 +

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