-Institutional selling action_short term downtrend
-New Lows: 24 < 28 danger zone < panic zone 50
Confirming Weakness:
-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'downtick' in contraction
Confirming Weakness:
-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'downtick' in contraction
-Short term liquidity trend: 'uptick' in negative_daily inflows 'downtick' in positive
-VIX 18.52 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'uptick'
-New Highs Trending Indicator: 55 < 180 minimum target
-VIX 18.52 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'uptick'
-New Highs Trending Indicator: 55 < 180 minimum target
-NYSE_(= hft-zone)_C-RSI 30 -4.25_negative NYA-Momentum
-Leadership stock ratio: -0.14 bearish advantage/neutral
-Leadership stock ratio: -0.14 bearish advantage/neutral
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Stocktiming.com recommend:
- mixed_oversold 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
...SPX 500 failed at intraday *1299 yesterday - consequent rapid slide today interrupted at the 200-day MA current *1261 - bounce off 200-day support *1261 unconvincing_appears temporary
...high risk to follow through lower to challenge March Low *1249_ current *1228 support_including the November 2010 High *1227 on the downside
...a successful defense in the support range *1233/*1227 would be the basis for an immediate recovery with the June 1 High *1348 an initial target
Kind Regards
Today's Session:
hedged *1378
...SPX 500 failed at intraday *1299 yesterday - consequent rapid slide today interrupted at the 200-day MA current *1261 - bounce off 200-day support *1261 unconvincing_appears temporary
...high risk to follow through lower to challenge March Low *1249_ current *1228 support_including the November 2010 High *1227 on the downside
...a successful defense in the support range *1233/*1227 would be the basis for an immediate recovery with the June 1 High *1348 an initial target
Kind Regards
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