Disclaimer: The Great Disconnect will end for sure. Either by means of decreasing volatility or decreasing equity prices. Just make sure you are not caught off guard. Period.
The Great Disconnect: Never before have I seen such a persistent positive correlation between Volatility Index (VIX) and SPX cash. This can't go on much longer...beware.
% of NYSE stocks above 50 DMA reached 85.35 today. It is exactly the same reading it did on Aug 12, 2022. A few days later equities topped out. ๐จ๐ท ๐
Polarity principle: once a Resistance (Support) level is breached, it changes its nature and becomes Support (Resistance) the next time it is approached. As goes Greg Capra, it is what it is. ๐คท๐๐ @NishantKalaskar@sentimentrader
Bottom is in? The chart suggests that TRIN 5-day SMA is supposed to get closer to 1.3ish. Only then I would recommend going out for a snack. ๐๐ค ๐๐ @sentimentrader@mkt_sentiment @WallStreetMood