Capitulation Long on All Indices + #OIL

We have some major oversold readings yesterday and last night. I am predicting a bounce similar to FEB 2018. We tagged the Year CAM S3 target that I spoke of yesterday, and some other MAJOR targets as well for SPX500 futures.

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Major target struck on SPX500, backtesting the important trendline. 40 point overnight bounce.

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Percent stocks above 5DMA hits the lowest level seen since FEB 2018. We are mirroring that correction somewhat.

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DAX also got the super important trendline backtest

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30Y Bonds hit CAM Year R4.

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SPX hits 200 DMA, looks like a panic capitulation with a big gap down this morning.

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Year CAM S3 and July top. Where is the bottom?

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Percent stocks below 20 DMA crosses below 10%. This usually triggers a decent buy.

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So far this weekly candle is the largest percent selloff since OCT 2008. It even surpassed the SEP 2001 weekly candle.

Next support (I guess) on NAS100 futures www.tradingview.com/chart/8SuRYefQ/

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Wrong link, here we go. Cyan channel = 55 day Donchian Close channel.

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VIX is at 45. The fear is real and this is total panic selling

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200 DMA on NAS100 did it. Massive amount of dark pool prints today. Bottom may be in for now.

FEB 28 2020, 4:48 PM EST

VOL (K) | PRICE ($) | 🔼
--------.-----------.----------
📈 $SPY
--------.-----------.----------
53,893 | 297.89 | 💚 +0.47%
4,000 | 290.63 | 💚 +2.98%
--------.-----------.----------
📈 $QQQ
--------.-----------.----------
5,672 | 205.78 | 💚 +0.50%
200 | 202.27 | 💚 +2.24%
--------.-----------.----------
📈 $VXX
--------.-----------.----------
118 | 24.60 |💔 -10.04%
193 | 23.75 | 💔 -6.82%
680 | 22.33 | 💔 -0.90%

הערה:

Single highest trading volume for an ETF in history was Friday. 43% of stock market equity volume was in SPY.

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Actually scratch that, not the single highest. Biggest in recent memory though.

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Unprecedented dark pool activity again today, another 17 million in $SPY blocks boosting this trade.

We are nearing the classic backtest of Year S3 after bottoming on Year S4 for DJI futures.

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Near perfect gartley structures on ES, YM, NQ.

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We are repeating the same sequence of candles and pullbacks as the 2011 and 2015 corrections. The first wave up is complete, then retrace 70-80% of the first bottom, then build into the next week. We could hit 9200 NQ before the end of March.

Sentiment is near all time extremes.

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Double tap on the NQ rail

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10Y Bond capped on YEAR CAM R5.

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Bottom is likely in for NQ as we hit Year CAM S3 after topping on Year CAM R3. The normal play is a retracement back to the previous close, so the 2019 close. We are attempting to create some very large bullish divergences.

The limit down % was hit monday for equity futures as well as the limit up for 10Y bond futures (5% overnight). The limit up was hit for ES this morning and limit down for 10Y bond futures.

These are wild whipsaws you never see. I believe the bottom is extremely close.

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Worst selloff since 2008.

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DJI trendline

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XLU trendline

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SPX pitchfork