On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.
Black Line Support: (1) the Black Line,
which has been the resistance line from early May for SPX, now becomes the Line
of Support. So far, SPX retouched it in multiple occasions over the last three
sessions; and all resulted in a quick bounce.
(2) in terms of the TOP watching monitor, nothing
is going on for DTK (Daily Top Killer), still in the blue zone, which indicates
calm and continuation of the current trend. (3) there is a long-term cycle
window between 9/23-27. It is hard to determine whether that would be a
high or a low; that said, based on the seasonality, I bet it would be a low,
most likely the wave-1 low of the long-awaited bear market decline.