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11/20/2021 Weekend Update

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Cobra
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11/20/2021 Weekend Update

Post by Cobra »

Up 1 week, the next week has 76% chances to make a higher high so still some up rooms.
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Al_Dente
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Re: 11/20/2021 Weekend Update

Post by Al_Dente »

Sell SPY signal on VIX ... last signal we got a mere two day pullback in SPY, but the signal in September was good for a month+ SPY decline
(red boxes are sell SPY, cyan box is fail)
This sell might have a chance as it’s thrice confirmed (three red arrows)
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Screenshot 2021-11-19 162220.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 11/20/2021 Weekend Update

Post by Al_Dente »

Sectors ONE WEEK
Screenshot 2021-11-19 162719.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 11/20/2021 Weekend Update

Post by Al_Dente »

There are too many new 52-week lows
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Screenshot 2021-11-19 163314.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 11/20/2021 Weekend Update

Post by Al_Dente »

AD BREADTH (h/t John Murphy)
Sell signal
The green and red vertical lines show you how that worked out
Either the breadth improves or we are in trouble
Seasonality favors bulls, so there's that ....
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https://stockcharts.com/public/1684859
Screenshot 2021-11-20 110040.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 11/20/2021 Weekend Update

Post by JFR »

SPY daiily. PnF. There is no quit in the market yet. Catching its breath after a long, hard climb. Heavy lifting needed to resume the move up.

And, of course, it could collapse at any moment. As the roll call sergeant on Hill Street Blues would say: "Let's be careful out there."

Screenshot_20211120_141051.jpg
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Cobra
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Re: 11/20/2021 Weekend Update

Post by Cobra »

$AAII bull - $AAII bear shows less bulls, far from extreme though.
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