Observations:
- 87% Sell & 65% Exhaustion Sell: That is a lot (!!!) and at least tells us that we will see some kind of a break in the near future
- Whether we see a consolidation in TIME or in PRICE or in BOTH is hard to tell, but the sheer number of Divergences and Extremes hint at some cyclical event
- All SECTORS above are on SELL!
- OIL and Commodities (CRB) seem also ripe....
- Given the synchronization of the all Markets we have also seen a lot of TCS Cluster (around JAN14-16) around the JAN OPEX
- This Cluster also happens to coincide with the Fibonacci 61.8% Time Retracement of the CRASH
YES indeed, we had OPEX, TCS Cluster & 61.8% Time Retracement all on Friday.... in a Market close or at EXHAUSTION.
The old Bob Miner quote "When Time & Price collide Change is inevitable" comes here to mind....
Bottom line is that, if Mr. Market wants to turn into let's say a March Seasonal Low... this would be be a great opportunity to do so.
But who are we to tell Mr. Market what to do......
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