Hi @paddington ... Can't remember seeing that either in my 40yrs in this "business".
The +VE to draw from that is that the FEAR/GREED index must be at 0%(or highest whichever way you look at it) ... never seen that either ...... BUY, Buy, buy...????
Back to the L/T SP500 Gannster BOX stuff I have posted on for a few weeks ... Hmmm, right down at the Gann 2:1 suppt line again and with a few other suppts just below. Gives me some confidence of trying to catch that falling knife again.... somewhere betw pt. 1 and pt. 3.
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To A Daily chart with some difference ... Also supporting we should be very near potential suppt and backed up by already good +VE Divergence(yah, that can go on and on and on b4 actual bottom, I know!).
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.... AND, just for you, PB ... ALK.
I really like how well 'balance' this stock has been since coming out of its 17c low initial range ... the perfect 4.236% objective(with 1/2c) and just 2c away from 2 x 17c to 65.4c range to the 1.16H. The retrace from that high currently 'picks-up' some interesting geometry levels ... 1.328%, 2.618%(of initial range down) and 0.707%(being 1/2 or sqrt of 2) of the 18c to 1.16 range at today's low.
SOOooo, why not have a nibble!
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