Replies to post #22009 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

volume today heavy like yesterday
spx now down 14pct from highs
cnbc is just shocked WHAT A BUNCH OF IDIOTS

the real problem foreign markets have not sold yet

its just disgusting how the FED reserve has just destroyed the economy
by not raising rates in 2016.

this is the a to b wave down so when its done expect
the b to c to rally fib .38 to ,50 (phony news will rally it)

may17 (wolf trading) is the end of this selling cycle.

Larry Pesavento has had spx 4100 has the RUT ROO line in the sand.
NYSE breadth zoomed to -24 to 1 WOOO

[jxyzobrien]

ES excess low
market got too short
54 point bounce dying

ticks just hit 1000
so buy program
if the a to b is done this will move up hard
-26 to 1
now -15 to 1

can bulls protect that

es 15 min above 10da ma
breaking a swing point on lower volume and breaking above bullish
https://investorshub.advfn.com/uimage/uploads/2022/5/5/gfpxmspx5-15.png

[jxyzobrien]

etf's cause EOD selling/buying adjustment (last post)
since the fund must sell the appropriate amount of the stocks in that fund.
so qqq must sell the top holdings ex AAPL GOOG etc

we have not finished the a to b down. the b to c must rally to fib .38 or higher
eco nbrs tomorrow

Shadow2 thinks there is something going on that this kind of selling has something
else goin on.

this is day 1 of the selloff and foreign markets will correct tonight
so more selling. Td ameritrade and other brokerages will send a message
that they can any liquidate intraday .upon their discretion.

tom obrien thinks this bear ends next october 2023. he also says a bear market
likes to become undervalued and pe of 10 is normal

spy60 must go to rsi 30 or lower. not there yet
https://stockcharts.com/c-sc/sc?s=SPY&p=60&yr=0&mn=1&dy=14&i=p46857756371&a=234724271&r=1593092184058