S WAVE CHARTS

[snootmagruder]

Qone0, Long time, hope you're well.
Yea, someone else posted a while back AJTJ was posting on SI.
Concerning his comments on Happy Family, AJ started it and certainly has the right to make the rules. His comment about NYA being booted has to do with a failure to make a new high along with the others about 8 years ago. AJ has never given full status of RUT, but always noted it was worth watching. I tend to include RUT as I am not aware of a failure and I tend to use TNA and TZA as investment vehicles.
Currently SPX has not taken out the Feb low, although RUT, NYA and some other non members such as BKX have already. According to the theory, the sell off will not be complete until the last of the members take out the Feb lows.