1/8 I never thought we would fill the gap (green), but on the $SPX, here we are. (The gap has not been filled on $SPY). With that, we have a nicely formed rising wedge, RSI divergence on the daily, target is the bottom of the wedge, circa SPX 3000 (orange).
2/8 $NDX also now has a better topping pattern, also a wedge, also with much longer RSI divergence in play. Target is the bottom of the wedge, circa 9740 (orange).
3/8 $GOLD may have topped. https://twitter.com/DereckCoatney/status/1291109476867682304?s=20
4/8 The $DXY may have bottomed: https://twitter.com/DereckCoatney/status/1291106465030320129?s=20
5/8 $AAPL, the linchpin of the markets, remains hemmed in by its long-term broadening pattern and shorter-term channel. It has short-term and long-term RSI divergence (1), and it is setup for an island reversal if we gap down (2).
6/8 $AMZN remains hemmed in by the resistance of its channel and could rejected sharply from it. https://twitter.com/DereckCoatney/status/1290876074327453699?s=20
7/8 $DJI is set up as an ending wedge.
8/8 $RUT, ending wedge, bearish RSI divergence on the daily.
9/ $DAX is cooked
10/ $NIKKEI is cooked
11/ $NIFTY is cooked
12/ CAC40 is cooked
13/ $FTSE is cooked
14/ ASX200 is cooked
15/ Oil is cooked
16/ The $MOEX is...weird, and probably cooked.
17/ Shanghai is cooked
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