Al_Dente wrote:Notice how strong the internal breadth was that pushed SPY up on 2/12 (pink circle)
Yeah, that one, bulls could really use another internals push like that right about now.
If we continue with these wussie internals the bears will start to roar
NY advancing stocks = 1.03x declining stocks
NY advancing volume = 0.59x declining volume
The attachment 220internals push_png.png is no longer available
Fear is high kind of leaning bearish, just something to look at. $VIXer.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Looks like lots of traders getting impatience...here's the weekly/monthly ES. Weekly ES consolidated for this shortened week since last week was the large breakout candle. Monthly on track to close as a significant bull bar.
im starting to observe bears openly lash out and attack bulls on multiple forums over the past two days. a sign of growing frustration on their part. this adds to the bull case.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
imo es 2086 is better area for rec play, better than 2080. if it is in play, the box is broken already, recording a throw back to mark a lower high now. if 2080 cannot hold, it could also be cobra's favorite HS.
of course i have no guts short it. closed out positions and sleep
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.