Where do you think we are on this chart of the Sentiment Cycle? pic.twitter.com/hsiIowlgia
— Helene Meisler (@hmeisler) September 23, 2020
Uh oh….near term $NDX target ~9100. If it doesn't hold, vomit to ~7800 follows. pic.twitter.com/3rss9x4Lrq
— Puff Dragon (@PuffDragon11) September 23, 2020
S&P 500 drops 2.4% as tech pressure mounts. Apple plunges >4%. pic.twitter.com/wRFosD6hn6
— Holger Zschaepitz (@Schuldensuehner) September 23, 2020
The S&P correction is now -9.6%.
Recall I've been arguing for a 10% to 15% setback (at 15% the Fed acts).
An options fueled mania and overvaluation (very bearish) combined with a Fed thrown "kitchen sink" if it gets bad enough (bullish).
(1/3) pic.twitter.com/72UulxJeS3
— Jim Bianco (@biancoresearch) September 23, 2020
$ES, 30m
When bulls can't reclaim important levels….
It happened at 3425 and it happened again at 3320. pic.twitter.com/NIrxfUlMTA
— Yuriy Matso (@yuriymatso) September 23, 2020