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.
Dance with the Trendline: (1) take a closer look at the medium-term trendline that originated from Apr 2021: SPX has danced around it like a great Tango partner. It bumped its head more than five times, without any success; then on Aug. 27, it finally conquered the resistance overhead. (2) However, after hovering over the orange trendline for a couple of weeks, SPX once again gave it up on Sept. 7. (3) early this morning, the trendline batted SPX down for the 2nd time, after supporting SPX in multiple occasions last 2 weeks. It would be very interesting to see how the market reacts to the recent rejection tomorrow.