Ya'll are looking at the wrong shit to identify strength. Most of what you're using is fool gold and a lagging indicator.
$BTC looks weak. It has failed to retest certain levels convincingly or not at all.
Everyone is bandwagon on all of crypto now running hot and higher.
I think everyone is wrong.
I think I am right.
If I'm wrong, I will own it just as loudly.
The market has changed. Extreme volatility and excess leverage have spooked big money while legacy whales continue to offload on these rips.
There is not enough new cash to sustain the rallies.
It's headed lower.
Much lower.
$ES $SPY
DVT Update 4.8:
As updates go, we can hang this one in the Louvre'.
Buy the Green Dots. Sell the Red Dots. Simpol
I'll push it out tomorrow morning. Too much pain to remain seated at this desk.
Here's to another week of Globex Pump and Gamma Ramma 🙏
$ES $SPY
You have to travel all the way back to 2018 to find the last time $ES Printed ATH while DVT was sub Zero.
#volmageddon
Additionally, this week has provided the poorest structure of the entire rally.
Caution up here.
$ES
ES has been bearish since it placed a new ATH last evening.
It currently just rejected an HOURLY close under the current 50% it needed to hold.
Gap Fill Price target @ 7491
Had to add:
"Claude", "Prompt(s)", "Tucker", "Candace", "Loomer", "Massie", "Jews", "Zion", "Maga",
to the growing and distinguished list of X muted words.
Key Data Point
Notice I did not mute the following in any combination:
Taylor Swift, Death Metal A.I., Swifties, Call to Prayer,
I would welcome daily A.I. Call to Prayer & Worship videos, featuring Taylor Swift and her new Death Metal Band, with montages of Ugly Swifites going rip shit riot in a giant mosh pit kicking kittens and puppies ..
Than see one more post from the muted list.
$ES
Still expecting a 2-3% sharp sell. Could just as easily chop sideways the rest of the week to correct the running divergence.
Billy Ball Tingles are bias the sell.
Just a feeling.