Great content! As always thanks for sharing. SPY and QQQ important test at 50-day moving average happening per your first chart. Interesting to note though that both small-caps IWM and ARK Innovation ARKK holding above 50-day last week.
I think you've misread No. 4. It actually shows that large speculators are long. Hence, in the original tweet, it says "Sentiment continues to be the one bright spot in an otherwise dark tape." The graph also shows that speculators don't always get it right. https://twitter.com/RenMacLLC/status/1544701510608633856
Great content! As always thanks for sharing. SPY and QQQ important test at 50-day moving average happening per your first chart. Interesting to note though that both small-caps IWM and ARK Innovation ARKK holding above 50-day last week.
Looks like guilty it is...
I think you've misread No. 4. It actually shows that large speculators are long. Hence, in the original tweet, it says "Sentiment continues to be the one bright spot in an otherwise dark tape." The graph also shows that speculators don't always get it right. https://twitter.com/RenMacLLC/status/1544701510608633856