SPX
All major indicators point to a large movement here. Major supports and momentum has been broken, when the MACD crosses tomorrow all will be revealed.
We will likely at the least test the bottom of the first channel, if we can't hold there then the bottom of the microphone we go.
Put volume has exploded.
RUA 3000
The first image reveals that the 2000 small cap companies that make up the RUA 3000 never actually recovered, hence all of this bullish movement we've seen these last few months can be attributed the 1000 large cap companies that make up the RUA 3000. These companies were overbought an in a parabolic movement that lasted weeks which ofc was unsustainable. Now that they are dumping the market will fold with them and now the small caps can't even act as a buffer.
The second image relates the RUA 3000 to vix movements and as you can see we potentially have only moved through the first wave of two and that second wave is now beginning.
VIX Optionchain.
I was waiting for this. It made no sense that the stocks were going up while the economy's going down. Time to make some $$$.
Same, I thought I was going crazy as this market made higher highs.
SPX down 28, NDX down 149, and DJIA down 159.
Really looks like we are in a bubble.
Ge has a market cap of $54b but liabilities add up to $50b, not looking good for what used to be the biggest company in the world.
Interesting comparison between the Nikkie from 1990 crash and the Russel 2000 today (I decided to use the RUS because its a real reflection of where the market is actually at).
SPY seller volume has now crossed buying volume and Options volume on the out side has sky rocketed.
QQQ in the same place as the SPY.
Also...10yr Bond yields are now the lowest they've been since 2008 and we already did a round of QE. QE has always pushed bonds up, this time that didn't work.
Btw you were talking about Sushi:
Went from sell off to bull market again, amazin.