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Glad to know I'm not the only one thinking like this. The fact that I understand your abbreviations, puts me "Lightning" years ahead of everyone else and proves you're "Wright." "prolly nothing." LOL!

I don't necessarily agree on the longer time frame charts being a waste of time but you have to know how to use them -- so even though price had reversed up at the end of last week -- the price trend and momentum on a weekly basis was still down (something that I wasn't paying enough attention...

No -- I got bullish earlier last week and was bullish through Monday of this week. I should have sold as of close Monday as my weekly charts actually suggested that we would close down this week but I didn't manage that well. He turned bullish at the end of last week .

You'll have to explain that one.

prolly nothing.

This is crazy -- the Daily and Hourly charts are almost identical for the S&P500:

So everyone become almost universally bearish after yesterday. Just seems like that is too obvious. Still have some challenging seasonality here but I think things should look a lot worse if we were getting ready to go into free fall.

Can't we all just get along? I agree with @Concinnity about the charts tell all you need to know. My mistake this week was I had such a good read last week in getting in on the low that I neglected to do a deep dive into my charts. Contrary to @Buy1Sell2, my weekly chart (as of close of...

Just didn't do enough reward / risk analysis given where we were at close yesterday thru pre-market today.

While still operating under the bullish end of year thesis and still fine on my position (for now, LOL!), I definitely could have been more pro-active in the short-term based on conditions at close yesterday. @SunTrader mentioned the VIX (which I had observed as well) -- and I had some other...

Hourly chart shows failure right at 200-period MA

For now, still in bullish camp overall unless invalidated (@SunTrader has some levels to watch) but I could have handled today a little better by using pre-market strength to sell into. Definitely some concerning signs in ST based on yesterday's action and heard too many people flipping to...

@SunTrader -- that VIX move might have been a little warning. I had some other stuff too I was seeing but keeping core long position. Looking to add.

I'm long sub 4000 so have some cushion. Not surprised to see the sell-off, though.

I guess I haven't been clear enough in my posts! But maybe I was a little more clear in another thread ("Get Long Now"). Yes -- I believe this is a bull phase. Risk on!

According to survey and article on CNBC.com, Investors overwhelmingly believe the S&P has not yet bottomed. More fuel for the stock market.

RSI Positive Reversal:

It was on my radar but just didn't have enough bandwidth to catch it. Great day for Silver, bitcoin and natural gas.

Welcome to the long side!

Maybe VIX going to do a back-test of the break of the trendline. Your observations were definitely relevant for some ST traders.