Running discussion on SP, page-5254

Have highlighted the behavior in the ADX / DI. Google the indicator if interested.
The tightening and compression between buyers and sellers with a low power trend is a phenomenon that precedes a very high percentage of big moves.
This one took almost a year to build.

Contrast that to the current measurements and the trend (orange line in the indicator) is only just beginning to merit being labeled a 'strong trend'.

My 2c is that price will charge into the base where a lot of large entities are holding and run out of gas. If buying comes in a bit earlier, around the top of the base then that is very encouraging.

The unofficial warren buffet quote indicator is slowly starting to pick up which tends to happen in the last few legs of the downward move and the bottom pickers tend to follow that. Management will then need to re-attract new liquidity with meaningful announcements that can be calculated against various predictive models in order to get more sophisticated buyers to buy and hold. Not unreasonable to think that that can happen this calendar year.

I'll be waiting for price to reclaim the 30week ema and for the ADX / DI to compress and show that buyers are back with some enthusiasm. Easier to spot this on the weekly.