Look no further than the front page of MarketWatch. This is just ridiculous:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Daily Middle Band Retest Fails
The decline yesterday was a hard fail at the retest of the daily middle band on many indices, and the close yesterday, and the open today was significantly under the SPX 5 day MA. On my 5DMA three day rule stat we should now see a retest of the last low at 1911, and 95%+ a lower low there, before there is another test of yesterday’s high at 1988.63. I have found no exceptions to this rule since the start of 2007 from at least 40 instances so I’m expecting a retest of 1911 soon, very possibly today. SPX daily 5DMA chart: