SPX Update

The changes that I was noticing on the price action were confirmed during the last few days. The SPY has been making lower lows for the last 6 trading days. However, the drop has been less than 4% which is not enough to say that the bulls are suffering nor that the bears are happy.

Lower lows entire week #SPX

The SPX Chart
Today price action confirmed the message I sent yesterday. You can review the chart with key ETFs on Twitter

SPX structure is changing – Sep 2021

As you can see from the latest post from #Randbots the SPX structure has changed in the last few days. This is important to notice because some stocks might have started behaving differently in price movement. Here is an example, F is above TSLA in the YTD performance. Did you notice what has happened