what main page are you talking about?

That’s one way to put it. Or, we may still be in that bear market rally headed for .618

/RTY small-cap futures just hit the 1190 support, which was my initial pullback target & where I expect at least a minor bounce: https://rightsideofthechart.com/nasdaq-futures-backtesting-resistance/#comment-16525

If they can take out 1190 as well as the uptrend line just below, that would open the door to a much larger drop down to the 1164 & 1155 support levels. As of now, looking for at least a small bounce off that 1190 level.

Fun fact- In 1929, 20 oz gold at $20/oz bought the peak Dow at 400 pts.
Today, roughly 13.5 oz buys Dow 23,300.
Just to stay even with 20 oz today, Dow should be over 34 k, LMAO !! Yeah, buy stocks instead of real physical assets.

Thanks! So reading that now, both those lines turned back up over the zero line from below, indicating bullish, right?

/RTY good for a 1.75% “short at resistance” pullback trade so far, coming up on the 1190 support now, offering the first objective point to book profits or lower stops if holding out for a breakdown below the uptrend line & much deeper drop down to 1155 or beyond.

Does that signal a possible top here for this bounce in SPY?

Do you think IWM is a leading indicator?

The Russel small caps have been going lower as what I hope to be the leader in the reversal.

Agreed! Actually, when the Elephants decide to stop drinking the Fed cool aid and start seeing the Fed action for what it is … pulling all stops in hopes of averting a complete collapse of Western civilization of their own doing! Honestly, we have not missed the Titanic sized iceberg yet by any stretch of the imagination! I personally think the Fed started a controlled burn that has become an out of control wildfire!

Just noticed SPY is approaching the HOURLY simple moving average for the 20 & 50 periods at 279.51 & 279.55 respectively.

# PPO
# Mobius
# V01.03.2014

declare lower;

input c = close;
input AvgType = AverageType.Simple;
input nFast = 12;
input nSlow = 26;
input nSmooth = 9;

plot PPO = ((MovingAverage(AverageType = AvgType, c, nFast) –
MovingAverage(AverageType = AvgType, c, nSlow)) /
MovingAverage(AverageType = AvgType, c, nSlow));
PPO.SetPaintingStrategy(PaintingStrategy.Histogram);
PPO.AssignValueColor(if PPO > 0
then color.green
else color.red);

plot smooth = MovingAverage(AverageType = AvgType, PPO, nSmooth);
smooth.SetPaintingStrategy(PaintingStrategy.Line);
smooth.SetDefaultColor(Color.Cyan);
# End Code PPO

I created a custom study and got this code from G search.

U Rice University Alumni?

Ive been feeling the same GCTrade. My gut says the FED used up a lot of their short term ammo and the ‘hype’ of throwing another few hundred billion at people trying to stop the inevitable is going to lose its effectiveness!

Ummmm, let me see …. you’re comparing the fastest, steepest crash in history to the fastest, steepest bear rally in history???? Well, other then that they do seem rather similar! … really?

You mean you don’t like the feel of greenbacks slipping away? Patients take a big fat bank account ;-)

maybe it was something you ate…. : )

See his post on the main page. We’re in a gd channel from March.

Damn it riceMBA2017, could you be a little more specific! Enlighten us!

I believe it’s MACDTwoLines (12,26,9, Exponential)

Any Thinkorswim users who know what is comparable indicator to Randy’s “whether the PPO signal line (9-ema) can turn back up on this test of the zero line from above, keeping that trend indicator bullish or crosses below, flipping to bearish.”