The Volatility Index has more than doubled over the past 6 trading days, the 9th largest 6-day spike in history. $VIX pic.twitter.com/rqUuFzDqXz
— Charlie Bilello (@charliebilello) October 12, 2018
#SPX and #NYSE technical, cycle and measured downside targets have not been met pic.twitter.com/IrtM6w76YJ
— mcm-ct.com (@mcm_ct) October 12, 2018
S&P 500: 41% of stocks closed above their 200-day moving average, fewest since Feb 2016. $SPX pic.twitter.com/ortzcAPhRh
— Charlie Bilello (@charliebilello) October 12, 2018
This is a very telling chart…
Been saying #SP500 to 1,500 for a while…
Chart via @hks55 pic.twitter.com/rW8g7PfHbZ
— OW (@OccupyWisdom) October 12, 2018
$RUT just tagged the .618 fib with a 17 handle RSI. pic.twitter.com/phmzun2ZLS
— Sven Henrich (@NorthmanTrader) October 11, 2018
We think that world trade will lose further momentum in the coming months, but we doubt that there will be anything worse than a modest slowdown. See our Global Economics Update: t.co/zAfuOmIJWJ pic.twitter.com/wrEuLJPvYP
— Capital Economics (@CapEconGlobal) October 12, 2018
The #ISM index has turned into a spurious indicator for US growth momentum and is currently out of sync with reality.
Financial conditions are tightening and growth will slow in the US. This weeks sell-off is an evidence of that.
Read our editorial -> t.co/vHRU5P5QRS pic.twitter.com/W89bcwJuFH
— AndreasStenoLarsen (@AndreasSteno) October 12, 2018