Wednesday Oct 24,2018

NYSE Advance Decline

Screen Shot 2018-10-24 at 6.43.45 PM

Absolutely no sign of a bottom.

SPX % above  200 day MA

Screen Shot 2018-10-24 at 6.46.22 PM

By the 200 day MA indicator, this is much worse than February, adding to the idea that a top dating back to perhaps 1949 is forming.

NASD Summation Index

Screen Shot 2018-10-24 at 6.51.01 PM

 

Free Fall!

NYSE Summation Index

Screen Shot 2018-10-24 at 6.51.54 PM

 

Fifth Wave Apparently in Progress

Screen Shot 2018-10-24 at 6.59.56 PM

This may have been an exhaustion day of selling but really, fifth waves usually end without this much excitement so the end may not be here yet.

 

When social mood is strong, the waves are clear.

 

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