Hi Callum, excellent summary of charts. I do like especially No. 9 and re-constructed it with TradingView: taking SP500 - deducting Mag-7, chart starting Oct22 (note ChatGPT became popular Nov22, SP500 bottom in Oct22). Result: SP500 +66%, SP500EW +40% and SP500 - Mag7 +19%. and since 17Oct this one has been declined by -11%. "Market breath" is strongly declining. Technical analysis: "SP500-Mag7" is now below SMA200 and at the level of some recent ATHs like Apr22 and End22 (Support??). Currently weekly MACD still negativ. For „Mag7“ I took: NVDA, GOOG, GOOGL, MSFT, META, TSLA, AAPL, NFLX (accidentally forgotten AMZN, but took NFLX)
Hi Callum, excellent summary of charts. I do like especially No. 9 and re-constructed it with TradingView: taking SP500 - deducting Mag-7, chart starting Oct22 (note ChatGPT became popular Nov22, SP500 bottom in Oct22). Result: SP500 +66%, SP500EW +40% and SP500 - Mag7 +19%. and since 17Oct this one has been declined by -11%. "Market breath" is strongly declining. Technical analysis: "SP500-Mag7" is now below SMA200 and at the level of some recent ATHs like Apr22 and End22 (Support??). Currently weekly MACD still negativ. For „Mag7“ I took: NVDA, GOOG, GOOGL, MSFT, META, TSLA, AAPL, NFLX (accidentally forgotten AMZN, but took NFLX)
good work, very interesting -- can you share a link to the chart by any chance?