Posted by kevindeng0727 on 27th of May 2020 at 04:04 pm
Hey Matt, some of the breath indicators I use ($SPXA50R, AD
lines) are at levels that bear market rallies and counter trend
rallies in strong corrections almost never reached in the past
decades. The $SPXA200R could get there soon. So are my accumulation
models for NDX and some sectors. We could still see 10ish%
pullbacks but my models seem to lean to your wave 1 and then wave 2
correction scenario.
Hey Matt, some of the
Darn strong close today
Posted by kevindeng0727 on 27th of May 2020 at 04:04 pm
Hey Matt, some of the breath indicators I use ($SPXA50R, AD lines) are at levels that bear market rallies and counter trend rallies in strong corrections almost never reached in the past decades. The $SPXA200R could get there soon. So are my accumulation models for NDX and some sectors. We could still see 10ish% pullbacks but my models seem to lean to your wave 1 and then wave 2 correction scenario.
kevin - one chart someone
Posted by matt on 27th of May 2020 at 04:11 pm
kevin - one chart someone sent me the other day compares this advance off the lows to the one in 2019 - just no comparison regarding the breadth
Thanks Matt. All indicators/models could
Posted by kevindeng0727 on 27th of May 2020 at 04:12 pm
Thanks Matt. All indicators/models could fail so will be very interesting to see how things play out.