Alan Cohen
13.8K posts

Alan Cohen
@al_xdpg
Former RIA and current market technician still working on it. Retired physician and stem cell scientist. My opinions are not investment advice.

$VIX closed above 30 for the first time in over 10 months Historically, $SPX was higher 2 days & 3 months later in 9 of 10 cases


Today's Chart of the Day was shared by @al_xdpg Markets are breaking down, but true capitulation has yet to be seen. Get the full details in today's report plus more great charts. thechartreport.com/03-27-26



$NDX NASDAQ100 Index (10-yr weekly chart) Extremely oversold (see bottom panel) and close to a low....on watch for a reversal. alphatarget.com






S&P 500's Daily Sentiment Index is at 22, the lowest since last April's crash. Similar depressed sentiment readings came close to marking bottoms for $SPX

$SPX: Few times when the McClellan Oscillator is this oversold, we see a major bottom. Usually the first move is a local bounce before the decline resumes. This time is no different; the price bounced and resumed the decline while the oscillator is heading lower. A significant bottom is near, the question is if it starts at current levels or with one final flush like in 2025. Key levels must be recovered to consider a sustainable bounce.













