Trading Environment:
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'downtick' in low expansion territory
Confirming weakness:
-Short term liquidity trend: 'downtick' in negative_daily inflows 'downtick' in negative
-VIX 18.08 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'sidewaystick'
-New Highs Trending Indicator: 82 < 180 minimum target
-New Lows: 45 > 28 danger zone < panic zone 50
-New Lows: 45 > 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 -2.57_negative NYA-Momentum
-Leadership stock ratio: +0.04 neutral
-Leadership stock ratio: +0.04 neutral
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Stocktiming.com recommend:
- mixed intraday bias
- Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
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Today's Session:
hedged *1378
...the SPX 500 extended losses today but ticked up off the April 18 Low *1295 - uptick power remains unconvincing so far into the session - high risk of further slippage to affirm the March 21 Low *1282 -
...the SPX 500 extended losses today but ticked up off the April 18 Low *1295 - uptick power remains unconvincing so far into the session - high risk of further slippage to affirm the March 21 Low *1282 -
...a successful defense in the support would be the start of a consolidation period in the *1282/*1295_*1371 range that would eventually lead the index higher into the *1400 (+) current upper resistance level
Kind Regards
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