NYA ........... RSI not showing up in pic but pls take the trouble to note the divergence at right edge. Super important NYA is the backbone. Who else is the backbone? The guy with so many lines on his face he scares the daylights out of nuns. His name is Keith Richards.
Qs 5-min. chart update ........... Q seems to continue to respect my levels, look at teh bounce off 100%
Topping tails gave us at least some EDGE. We appreciate any gifts the market gives us. EDGES are special gifts.
Keep eye on SPX 5-min. .......... at my monthly 14.6%. Take this out and she will speed up Just my 2 cents
Covid sure has put a damper on things. Wanted Ladysmith Black Mombazo to come to Santa Monica, CA again. Paul Simon sure as heck appreciates Zimbabwe as much as I do, perhaps even more. Watch the part when the black female dancers show up on stage. The fellas are the original Ladysmith Black Mombazo
Bear rally observations with a what if ............. what if Dow Jones needs one more top to really hit the 200-day ema? I say this because from the rally bottom on 1H I only count 8 subwaves but there should be 9. One more thrust toward the 200-day ema will take care of that if indeed that is what is required. Play by ear, keeping in mind that the bend in the trend is a treacherous zone
I continue to smell something fishy in that Dow Jones is not responding to short side. Odds are it has not finished its BEAR rally. Possibly one more higher high.