Wednesday Oct 24,2018
NYSE Advance Decline
Absolutely no sign of a bottom.
SPX % above 200 day MA
By the 200 day MA indicator, this is much worse than February, adding to the idea that a top dating back to perhaps 1949 is forming.
NASD Summation Index
Free Fall!
NYSE Summation Index
Fifth Wave Apparently in Progress
This may have been an exhaustion day of selling but really, fifth waves usually end without this much excitement so the end may not be here yet.
When social mood is strong, the waves are clear.
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