Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: kckip who wrote (40230)	5/28/2024 7:25:27 PM
From: skinowski	2 Recommendations Recommended By Clam digger kckip Respond to of 41469

On the monthly, INDU, NDX and SPX all have a series of momentum divergences, with the highest high on MACD and RSI some time in the end of 2017 - early 2018. So, longer term some negative stuff is to be expected - but, it may take some time. The CycleFan, I think, expects his cycles to work - but when they don’t, he’ll adjust his counts :) Curiously, the SPY, QQQ and DIA volumes were trending down during the most recent rally, since the April low.

To: kckip who wrote (40230)	5/28/2024 9:34:31 PM
From: skinowski	1 Recommendation Recommended By kckip Read Replies (1) \| Respond to of 41469

I think this is an elegant way of looking at the current SPX juncture. Taking out the recent big daily bearish engulfing stick to the downside confirms it. Taking it out to the upside - negates it. $SPX - Today's action didn't help in clarifying the situation. It's quite simple: a breakout above 5342 will confirm that wave 5 off the April low is in progress. A close below the 20 day MA will tilt the odds in favor of a wave C of a running flat being in progress. pic.twitter.com/M8Cc9biqpo — CyclesFan (@CyclesFan) May 28, 2024