Yeah looks bad. Even if there is no real counter party risk it will set off a market panic. 

The CEO had to issue a memo on Friday cooling off the rumors. Where there is smoke... 

Get your popcorn out for the Sunday night futures! 

What do you guess the market open looks like on Monday? 

Steve, if price accelerates down immediately on Monday then it becomes impulsive to the downside and the ED is off the table right? 

If it becomes impulsive then it may bust through all the divergences. That may trigger a waterfall decline. 

This could be a really nasty three of three of three down. 

Or.... This could only still just be a 1-2 which means even more bearish to the downside. Very interesting two weeks ahead of us. 

Jobs numbers on Friday could be fireworks if numbers are strong. Based on jobless clsikes they may be strong 

This is another awesome indicator Matt. Thanks so much. Adding to the toolbox. 

Yes I also find that options are hard for short term trading for that reason. Plus the commissions. 

I have been using options along with the daily KISS signals however and making a killing! Thanks for that. Those are longer term swing holds. 

This poses a very real and serious risk to corporations trying to raise money.  

Stopped right at the weekly MA. 

There seems to be a pattern of buying coming in the final hour. Especially after a plunge 

9, 13 Demark on the daily charts.  Isn't that like a HUGE deal? 

(I am a bit new to Demark) 

This move down was not an ending diagonal. Doesn't meet the technical definition.

I understand that the government has to officially declare a recession while looking at a number of factors. Consecutive GDP shrinkage being a key factor.

Looks like markets are bouncing off or retesting the Weekly 200 MA

You could do another embedded chat widget - doesn't have to be discord 

excellent idea 

And I also assume this is updated real time:

https://breakpointtrades.com/spy_trades/

I personally maintain a google sheet to keep track of the alerts real time.

Matt it might be a good idea to embed a google sheet onto the tracking page.

Claire these systems are purely mechanical and proprietary. I wouldnt try to understand the different systems... That's just my opinion. 

This could be a HUGE catalyst.

  https://www.bloomberg.com/news/articles/2022-09-28/apple-ditches-iphone-production-increase-after-demand-falters

I agree. Looks like we need another micro level 4-5. 

 NDX did not make a lower low while SPX did today. NDX has been relative strength during this drop from mid September. 

I think things will get really nasty once NDX starts leading. B ut it can't lead until AAPL and TSLA finally crack. They have a long way to drop to their June lows. 

I was actually asking about the larger wave 4 recovery after this small 4-5 is done. 

Matt / Steve what do you guys think about a wave four here that looks similar to the late Septmeber 4 day move up?

There was a Denmark 9 right before that move similar to what we have now. 

I am wondering if we get a symmetrical wave 4 to that wave 2.

Just barely. Look out below when this support breaks. 

Out of the big tech Tsla has the most to drop. This could be big