Posted by In case you haven't been paying attention to one of the largest companies in the world giving back all of its post-COVID gains. pic.twitter.com/rfAv0aF55I
— Jim Carroll (@vixologist) December 24, 2022
Ahead of Santa/year-end rally, non-commercials cut net shorts in $SPX e-mini futures to 12-week low. In a topsy-turvy week, index (3845) only ends down 0.2%, for a weekly spinning top. Thu's drop to 3764 aggressively bought, forming a bullish hammer. Daily itching to rally. $SPY pic.twitter.com/txtDjtxFIw
— hedgopia (@hedgopia) December 23, 2022
The CBOE Volatility Index keeps making lower highs even as stocks continue to fall. In fact, the $VIX hasn't topped 37 all year, a lower level than during every bear market over the last 32 years. Evercore ISI says the stock market floor won't be formed until the VIX hits 40. pic.twitter.com/fEGDI1vnnr
— Barchart (@Barchart) December 23, 2022
Year after $COMPQ falls 20%+ Nasdaq has perfect split between gains and declines (50/50)
But…
In the 2 of 3 times it was positive a year later it gained at least 29% and came after… that’s right, midterm year. Kinda like 2023 😉
Small sample, salty grains $QQQ $NDX pic.twitter.com/HAVbwNxZt2
— Seth Golden (@SethCL) December 23, 2022
S&P 500 Consumer Discretionary sector has given up all gains since May 2020
[Past performance is no guarantee of future results] pic.twitter.com/q36aOxjQpA— Liz Ann Sonders (@LizAnnSonders) December 23, 2022
$SPX – We didn't even get a divergent low because it didn't close below 3817. It only made a lower intraday low. The low for December is in. The next 20 TD cycle high is due on 12/29-1/3. If it closes above 3908 it will most likely reach the next Fib level at 4007. pic.twitter.com/gBlv88ukwP
— CyclesFan (@CyclesFan) December 22, 2022
If the SANTA rally doesn't come in 2022 History would tell us to watch out in early 2023! #stocks pic.twitter.com/YvMPzk46rS
— fxevolution (@fxevolution) December 22, 2022
$SPX probably made the low for December on Tuesday. The next significant short term high is the 20 TD cycle high(19-21 TD in the last 2 instances) that is due on December 29-January 3. I think that SPX is likely to get to at least 4007 by then. pic.twitter.com/KQYMu4eNMl
— CyclesFan (@CyclesFan) December 21, 2022
$SPX closed below both the key 10 and 20 week MAs which confirms that it made a weekly cycle high this week. We had 3 downtrends this year, the Jan-Feb one was ~15%, the Aug-Oct one was ~19%. I expect a 15-20% decline into February that would take SPX to the 3300-3500 range. pic.twitter.com/8n0WeN3dCy
— CyclesFan (@CyclesFan) December 18, 2022
$NDX – After failing to close above its 20 week MA for 5 consecutive weeks it closed below its 10 week MA which confirms that it made a weekly cycle high this week. The current downtrend may take it to as low as the 0.74 ret. of the 2020-2021 bull market at 9315 by February. pic.twitter.com/WFyvHVWxl4
— CyclesFan (@CyclesFan) December 18, 2022