Not sure how they come up with this claim. Most major ETF`s outside of tech hovering at 52 wk highs ....XLF XLV XRT XHB IYT probably many more

ROOT not stopping since earnings

NET set to take off

sweet move...who caught this

CVNA broke out of a long base. Probably has more upside. 

CVNA handing it to the shorts

please elaborate what this means for dummies lol

Break in structure needs a trigger ( usually some event related)... I meant the same thing as you maybe it wasn't clear . Trend is up and we ride it until it changes. No one can time the top. That said historically bull markets win (not saying we should be ignorant/complacent)... 

Unless markets reacts to some news in a negative manner and stays with it, how can we sell off? We shrugged off high CPI/PPI and rate cuts have been postponed and we still rallied. Financials are making new highs too. Maybe we wont see selling until rate cuts start.

https://x.com/saxena_puru/status/1757557761796182455?s=20 

Matt Thoughts on NET and ARM charts please.ty

This was very helpful Steve. Thank you 

Funny post from twitter 

I agree with the wave concept. But we had quite a few divergences that were negated many times last 2 months. So far the 21 day MA continues to act as support. Will see if it breaks

One down day and bears already at climax!!!

Other than VIX spiking insanely , stock prices definitely didn’t reflect that panic. Party is back on. 

I know ......not referring to you guys. I dont base everything purely off BPT. There is no holy grail and I understand that. Just had to vent :-)

I am reading lot of articles on divergences (Sentiment trader being the latest)....but if lot of sectors/ETF`s are breaking out, how can we say breadth is narrowing ? I am selling into strength only to find myself buying back higher which is getting frustrating.

This could be a bottom ... its at a confluence of trendlines and fib retracement...But if it loses this level, its done

IWM

beautiful shakeout under 50 day and bottoming tail ?? 2 hours to go

TSLA

hit  61.8% retracement alert on weekly. Lot of Jan leap calls bought at ask as well... fwiw