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Earnings have been tumbling. Most stocks are posting lower net income than they posted in the prior year's quarter. The Shiller CAPE S&P 500 index was at 27 in May 2023 (already overvalued compared to the typical 14-16). The level of 27 was indication of overvaluation. Now, the CAPE S&P 500 index is at 37, which is extremely overvalued.
We could easily see a drop of 60% in the index from here, and far further drop in many stocks. Earnings continue to go downward even while the government is injecting $3.1 trillion per year in stimulus.
low volume on up days
you're being played
wall street getting ready to short the tech space
water cooler talk at big trading firms ;)
Byin off Da Fib like yesteday --- nice little drop though ( fridays usually suck ) ----good for 70% ----Pooped Out---In & Out rest of day !!LOL!!
SPX 5 min CCI turning up off R1 ! Have to obey Da CCI or get Burned !!
Out .64 ---Vix turned Down-----Boo Hoo !
5620 make or break here---need Dat 15 min sig !
Get Lucky---back down to Da 5 min Red Line!
Coiling at Da 78% Micro Fib 5628-5629 area ---manny test there---Correction--Dats Da 1 min Red Line I'm watching----Vix sideways Mkt same ---- Great day for charting ! running out of screen chart room !
Do have lower highs on 1 min
Next Micro Fib 100% 5643-----we'll have to wait for Da 15 min to turn--there stretchin it out--blows out my sell sigs !
Seems to want 562
Watching my new VIX--Approaching It's own 5 min Red line--Not sure what happens there --gotta ways to go yet ?
560P .33 Try again -- getting sell sig on 5 min CCI & stoch ?
Out 560P .32 ---they want more ! Try again !
If we can go sideways till Da 15 min turns we'll print !
SPY hinges on NVDA, but NVDA hinges on MSFT. Watch MSFT
Waggin 560P at .36---For Da Halibit ! Maybe back down to R1 ?
SPX Double Tested Da 5 min Red Line---Never looked Back !
Gettin sum Dang good Action Today !!
Boy the VIX sure got murdered today
Maybe Short break of Fib 5628 ? Sure like to round trip dis sucker ! ( back down to Da Red Line) ! Think Da Vix will tell Da Story !
Dipped my toe in puts for next week here
The Micro Fibs were calculated off of yesterdays LOD & Hod ----Vix werked perfectly ( 5 for 6 on Da Vix--80 +) Good back up for Da trades---as good as U going to get !!
Cash out on the FOMO, that’s what insiders at NVDA, AMZN, etc. are doing right now
Watchin----make sure Da 15 min turning in U favor! Looks like Moon Shot !!
Out 561C ,98 at Micro Fib 5628 ---Daily Double + off Da R1 !!! Tks Boys ! Cash Machine $$$
Should go straight up from 170 to 300, that move would be in alignment with this pumped up fake market
Tesla just hit $250 on bad numbers and downgrades
Folks are legit crazy bullish gotta find the spots. ARM on its way to 1000 P/E rn
Same here when 561 hits might look at 560P
I'm looking for a short entry.
Might want 561
SPX 15 & 30 min on by sigs not looking like short at S1 --so far !
Wait for the shorts to stop covering and bulls to stop FOMOing, then buy puts for next week
Approaching R1 at SPX 5620---watchin for a short sig ? ( Micro Fib 5617)
U # to hold SPY 559.58 --lets see --now support !
SPY Technical Analysis:
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Most popular TA Indicators by Type:
Trend Indicators:
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Volume Indicators:
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On-Balance Volume (OBV)
Rate of Change
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SPY Technical Analysis
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