Very interesting technical take. From a different perspective then mine, he arrives at the idea that a rally is not too far away...It was printed yesterday, but I just saw it a few minutes ago. It dovetails nicely with some of my observations over the last two trading days...
He doesn't have exponential trendlines, but using conventional analysis, he sees a bottom coming...
This chart isn't from the article mentioned, but the red marks shows how the current values of two indicators where the market currently is, stacks up with previous places with similar low values:
And then there's this strange divergence between the reciprocal of $VIX and the $SPX:
Finally, let's not forget how close we have already gotten to some exponential trendlines. This is an updated chart from today, the Russell 2000:
Something is about to happen....
No comments:
Post a Comment