This is how we run our $SPX "Timer" charts now within a Weekend Newsletter.
Some bigs on this app that make it to TV had us down 15-20% this summer, then 8000 into year-end.
Summer ends 9/22. That's when the "L" arrives.
We explained why that structure doesn't exist. See pinned post.
They might have scared you out of stocks this summer. They were reporting since early May this was the possibility (a pattern that has never existed in market history). Who holds stocks through $SPX -20%?… Not us.
Now after 10/1 we can get spicy structurally, if the market chooses to. But not -20% and then highs.
If it does (choose to get spicy more than -10%), how it does is what we grade as 10/1 approaches. No signs yet..
@docmurdock@realDonaldTrump@SecScottBessent Iranians teaching you dumb MAGtards a good lesson. Trump shitting his pants; no idea how to save face. You fucking losers. Enjoy those high gas and food prices. Recall how Lard Add said if you vote Hillary you will get war with Iran? Fucking retards.
@LelaCherry29774@realMAG1775 How you enjoying the high oil and food prices, dipshit? Recall how Lard Ass promised that if Hillary won there would be war with Iran? Fucking retards all you MAGA.
@elerianm@WSJ@SpaceX you never learned what a log chart looks like? you are the absolutely best contrarian indicator when it comes to stocks and the stock market for many years now. stick to economics.
Yesterday the S&P 600 (small-cap) A-D Line made a new Bull Market high AHEAD of price — despite a nasty day across other parts of the tape. Very bullish IT/LT.
As we keep repeating: this is a Bull Market doing Bull Market things.
Major tops do NOT form while the A-D Line leads price. The NYSE A-D already made new ATHs ahead of price — 13th time since 1950. Now small-cap breadth reconfirms, with other internals lining up too.
Breadth leads. Price follows. $SPX