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11/20/2021 Weekend Update

Posted: Fri Nov 19, 2021 7:10 pm
by Cobra
Up 1 week, the next week has 76% chances to make a higher high so still some up rooms.

Re: 11/20/2021 Weekend Update

Posted: Fri Nov 19, 2021 7:23 pm
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)
Daily
Screenshot 2021-11-19 162220.jpg

Re: 11/20/2021 Weekend Update

Posted: Fri Nov 19, 2021 7:28 pm
by Al_Dente
Sectors ONE WEEK
Screenshot 2021-11-19 162719.jpg

Re: 11/20/2021 Weekend Update

Posted: Fri Nov 19, 2021 7:35 pm
by Al_Dente
There are too many new 52-week lows
Daily
Screenshot 2021-11-19 163314.jpg

Re: 11/20/2021 Weekend Update

Posted: Sat Nov 20, 2021 2:04 pm
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 ....
Daily

https://stockcharts.com/public/1684859
Screenshot 2021-11-20 110040.jpg

Re: 11/20/2021 Weekend Update

Posted: Sat Nov 20, 2021 6:22 pm
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

Re: 11/20/2021 Weekend Update

Posted: Sat Nov 20, 2021 10:27 pm
by Cobra
$AAII bull - $AAII bear shows less bulls, far from extreme though.