yep seen that for 30 years - chart lines up for a top,
then you get some big geopolitical event or other news that gets
blamed for the top, the pattern was in already in the chart prior,
same for bottoms.
that said, it's not that the charts are predicting the news -
when the charts look toppy and then you get some negative news -
that news is that catalyst, the chart is in a vulnerable state
already, it just needed a catalyst, like a spark to gasoline.
If the chart on the other hand was in a very bullish state,
the market would likely shrug off that negative news.
the same thing at bottoms as well -the market closed at support
6500 on the SPX, and other things, the rubber band was stretched,
all it needed was some catalyst to pop
anyway I'm getting computers rebooted, getting kids ready for
school, we'll see how it does today
I'll let you guys know on the SPY Bull Exhaustion and CCI
divergence, however I think we need to see a close above at
least a fast moving average such as the 8 or 9 SMA - we might not
get that today even with a heck of a bunce because we are so
stretched
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Amazing how the charts seem
Posted by EdZ on 23rd of Mar 2026 at 08:34 am
Amazing how the charts seem to predict the news sometimes.
It really is that way,
Posted by steveo on 25th of Mar 2026 at 05:09 pm
It really is that way, LOL, is the "collective conscience" picking all the little clues and properly analyzing it?
yep seen that for 30
Posted by matt on 23rd of Mar 2026 at 08:48 am
yep seen that for 30 years - chart lines up for a top, then you get some big geopolitical event or other news that gets blamed for the top, the pattern was in already in the chart prior, same for bottoms.
that said, it's not that the charts are predicting the news - when the charts look toppy and then you get some negative news - that news is that catalyst, the chart is in a vulnerable state already, it just needed a catalyst, like a spark to gasoline. If the chart on the other hand was in a very bullish state, the market would likely shrug off that negative news.
the same thing at bottoms as well -the market closed at support 6500 on the SPX, and other things, the rubber band was stretched, all it needed was some catalyst to pop
anyway I'm getting computers rebooted, getting kids ready for school, we'll see how it does today
I'll let you guys know on the SPY Bull Exhaustion and CCI divergence, however I think we need to see a close above at least a fast moving average such as the 8 or 9 SMA - we might not get that today even with a heck of a bunce because we are so stretched