Spot the Bear. Weekly chart analysis of S&P500

[romik]

Lots of charts to post over weekend, here is how NYSE index looks like, three lower tops on Daily and smack down.

 

[der_kommissar]

Yes, the non-headline indicies are clearing out their 2015 lows....short distance to their 2014 lows...that being said, next week is OpEx, so there is that potential for the "wtf rallies" to appear perhaps Tues-Wed (idle speculation)...Since the FANG's are starting to come back to reality, that's a better sign that the headline indicies follow suit.

 

[der_kommissar]

The trend of Monday bottoms? 11/16, 12/14, 12/21...time wise plenty of symmetry...Probable re-test of that 5d MA up there in the low 1940's.

 

[romik]

IMHO January will close below August 15 low.

 

[der_kommissar]

Good odds of that, I'm just talking shorter term...these swings are so large that I put a good deal of focus on them.

 

[dartmus]

IMHO January will close below August 15 low.

but where will tomorrow's close be?

 

[romik]

but where will tomorrow's close be?

I don't know.

 

[der_kommissar]

Here is a chart for Romik:
This would be the 2008 analog of us breaking those August lows...

 

[romik]

I like to look from a distance, is this not almost identical? Hence the pessimism, paired with all the raw uncensored data that can be observed on sites like Zerohedge (even if they do go over the top at times).

 

[der_kommissar]

yowza, it is very close...notice how that barely eclipsed the 2008 highs...