After forming complex top. The selling start from early September and primary breath confirm bearish in middle September. As QE3 ended and we saw back to back 300+ selling, it has very high probability to be a serious correction.
For short term, as continuous selling happened, breath is moving fast to or close to extreme bearish on both primary and secondary indicator. SP500 correct only 6-7% while Russell 2000 down 10%+, a bounce is expected but that will set for another leg down.
When QE1,2 ended, market correct and in bottom for 3-5 months, so do not be too excited for a bounce, wait patient for market turn signal during bottom forming.
[Anticipation List]
TREE AERI LEAF FXCM ULTA AVNR
b/d from yesterday Anticipation List
VPRT
[Good Swing Setup in last 5 days]
As I changed the liquidity filter from 100K to 30K, scan condition changed a little bit
Go though the list in TC2000: c/c4>1.08 and v>30000
Or go through the list in finviz: Weekly 10%+ move with voloume>50K
(1) PAHC
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