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Sounding like a broken record.. mind cyan/yellow triangles... should we head down.. watch Wed am open gap... if not mind the rising bearish wedge top right.. could squiggle up to fill upper gap and new all time highs.. but a break of cyan wedge ‘could’ see a sharp down move. Weekly candle close today will be of interest.. or as per usual.. doji it ... keep bear and bull patterns on the table for the weekend. Interestingly.. the VIX makes lower lows.. yet the SPX fails to make higher highs recently, big picture wise VIX is still a tad elevated on the weekly, not near last summer lows in the 10.75 range.
As noted earlier, while tens of thousands of Bloomberg terminal users were twiddling their thumbs during an outage that lasted several hours, China futs crashed.
There was some confusion about the cause of the rapid move, but it appears the catalyst was an announcement by the China Securities Regulatory Commission in which it allowed fund managers to lend shares for short-selling, and will also expand the number of stocks investors can short sell, in a bid to raise the supply of securities in the market.
fehro wrote:As noted earlier, while tens of thousands of Bloomberg terminal users were twiddling their thumbs during an outage that lasted several hours, China futs crashed.
There was some confusion about the cause of the rapid move, but it appears the catalyst was an announcement by the China Securities Regulatory Commission in which it allowed fund managers to lend shares for short-selling, and will also expand the number of stocks investors can short sell, in a bid to raise the supply of securities in the market.
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.
fehro wrote:Sounding like a broken record.. mind cyan/yellow triangles... should we head down.. watch Wed am open gap... if not mind the rising bearish wedge top right.. could squiggle up to fill upper gap and new all time highs.. but a break of cyan wedge ‘could’ see a sharp down move. Weekly candle close today will be of interest.. or as per usual.. doji it ... keep bear and bull patterns on the table for the weekend. Interestingly.. the VIX makes lower lows.. yet the SPX fails to make higher highs recently, big picture wise VIX is still a tad elevated on the weekly, not near last summer lows in the 10.75 range.
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.