Posted by $SPX Bit of a supply void coming up. We might have a quick ride up to the overhead supply & resistance. Might not. pic.twitter.com/EjiUEzYZFg
— Alan Cohen (@al_xdpg) October 5, 2022
$SPX – Today was just a consolidation day after the big 2 day rally. The gap from Tuesday held as support. Tomorrow it's likely to close above the 38% ret. at 3788 and move to the 50% at 3851. No change with regards to the outlook for the next short term high to occur on 10/10. pic.twitter.com/noVdC91YaH
— CyclesFan (@CyclesFan) October 5, 2022
NYSE Up/Down Volume has ping-ponged between extremes over the past 5 weeks.
Typically that's more evidence of volatility than strength.
We'll see if that changes now as we have (again) had two upside days in a row without one to the downside. pic.twitter.com/DauzoUA1jU
— Willie Delwiche, CMT, CFA (@WillieDelwiche) October 4, 2022
2022 is the third worst start to a year ever for the S&P 500 (since 1950).
The following quarter was up 9 times (2008 was a hot mess though).
A year later? Higher 8 times and up a median of 25.5%.
Stocks don't have to bounce here, but history would say it is more than likely. pic.twitter.com/MmJlBPIN47
— Ryan Detrick, CMT (@RyanDetrick) October 4, 2022
On Monday, dealer gamma was the lowest ever. As in the most negative gamma in history. Add to this the biggest short delta incineration on record and do you see what happens Larry… pic.twitter.com/mzFQa5WIXf
— zerohedge (@zerohedge) October 4, 2022
IPO issuance has fallen significantly in 2022, setting us up for one of the worst years for new stock listings in a very long time. pic.twitter.com/pm6xcRCBf0
— Markets & Mayhem (@Mayhem4Markets) October 4, 2022
Despite 2.64% S&P 500 rally @t1alpha hard-pressed to identify the day in long-term chart. However, technically important 200-week MA held. Is consolidation a la summer of 2008 in train? That would properly frustrate both bulls AND bears — the primary objective of the market gods pic.twitter.com/H1kygHKdn1
— Danielle DiMartino Booth (@DiMartinoBooth) October 4, 2022
Small cap valuation almost notched a fresh 25+ year low last week $SLY $VIOO
Still under 11 after yesterday's rally pic.twitter.com/lNL5luOSSg
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) October 4, 2022
Big spot $SPX pic.twitter.com/GIfSXo4xgB
— Mike Valletutti (@marketmodel) September 30, 2022
$VIX back under 30 pic.twitter.com/1oHKQowxkP
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) October 3, 2022
This is the first bullish divergence between SPX and SPXA100d. All prior SPX lows were CONFIRMED by this indicator, however, the most recent lows were not.
The next 2-3 sessions will determine whether this is a start of another bear market rally or just a dead cat bounce. pic.twitter.com/7NSk29ZePa
— Yuriy Matso (@yuriymatso) October 3, 2022
We only undercut the June lows by 2%. And, 2022 looks eerily like the 1966 👶 bear. We subsequently had a brief 25-month bull that saw the market 🔼48% before the next bear. (might double-top at 5k) Just giving historical perspective. Not dismissing your sound fundamental work. pic.twitter.com/1YbF1zTp3z
— Jason Barr KGUN (@JasonBarrTV) October 4, 2022
$SPX making another run at 8 ema. If cleared, possibly brings 21 ema into play. Want to see ROC(10) back > 0 & hold as it did for 6 wks July – mid Aug. Would like to see 3620 hold on a pullback. pic.twitter.com/Xrum323eB6
— Mountain View Trading (@DanWiserMtnView) October 3, 2022
Isn't that special? $SPX #churchlady pic.twitter.com/CKQ88fAGwU
— Michael Kahn, CMT (@mnkahn) October 3, 2022
$SPX the last time we saw these levels was… last week. Nothing to write home about till we break above or below this range in a meaningful way pic.twitter.com/fDf7mZm3zx
— Reformed Tr🅰️der (@Reformed_Trader) October 3, 2022
$SPX's rally may last only 4 days and the next short term high may happen on 10/6, but what toppled the last rally was the CPI and the next CPI release is due only on 10/13, so I expect this time this cycle will extend to 20 TD and the next short term high will occur on 10/10. pic.twitter.com/3BOJpNGJSs
— CyclesFan (@CyclesFan) October 3, 2022
Market Rebounds 28.2% After Midterm Year Down YTD Q3 – S&P 500 closed Sept down -24.8% YTD 4th worst YTD Q3 perf since 1930. Since WWII (1946) when S&P 500 was down YTD at the end of Q3 in midterm year it gained 28.2% on average over the next 5 quarters with no losses. pic.twitter.com/mrFhOIhyZz
— Stock Trader’s Almanac (@AlmanacTrader) October 3, 2022