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.
Gap filled: (1) ystdy's drop missed the gap at 4444.30 by a point, and tdy's second attempt finished the job, by 0.16 point, to be exact. (2) the mid-day selloff pattern has been there for a week, still can't break the back of bulls, though. (3) so far, the decline is corrective.
By the close, SPX dropped below the 4444 gap level and hung in there. The news of MSFT buybacking 60 billion $ of its shares couldn’t come at a better time and place, when the broader market is struggling to keep the crash setting off the chart. Not to mention, SPX just hit the 61.8% retrace level at the low of the day.
It has become a pattern lately that the market would selloff mid-day, only to be refilled during the future’s session. From the sentiment change after the close, it looks like another opening pop tomorrow morning is on the card.