Just another day at the office...
Plotting the SPX median line shows something quite ordinary.
No problem is apparent. All is well in the financial markets.
Classic candle charts hide the truth, as I have many times explained.
SPX now prints a bear 2M bar on the 3-line-break chart.
This simply means that a bearish engulfing has taken place on a significantly large timeframe.
These things come up rarely. They must not be ignored.
... Extinction Level Event 2
On the main chart we see a massive RSI divergence taking shape.
Coupled with a massive bearish engulfing, fear is beginning to hit.
Too much has accumulated in Big Tech. (Notice the bull confirmation)
SPX Democracy is at a multi-year low.
The XLK vs SPY ratio has reached the 2000 levels. (Notice the bear confirmation)
The .com bubble burst is coming again.
No big stock is safe from this event...
MSFT
META
There is really no point showing more. If you get it, you get it.
Mayday Mayday Mayday
Brace for impact
Plotting the SPX median line shows something quite ordinary.
No problem is apparent. All is well in the financial markets.
Classic candle charts hide the truth, as I have many times explained.
SPX now prints a bear 2M bar on the 3-line-break chart.
This simply means that a bearish engulfing has taken place on a significantly large timeframe.
These things come up rarely. They must not be ignored.
... Extinction Level Event 2
On the main chart we see a massive RSI divergence taking shape.
Coupled with a massive bearish engulfing, fear is beginning to hit.
Too much has accumulated in Big Tech. (Notice the bull confirmation)
SPX Democracy is at a multi-year low.
The XLK vs SPY ratio has reached the 2000 levels. (Notice the bear confirmation)
The .com bubble burst is coming again.
No big stock is safe from this event...
MSFT
META
There is really no point showing more. If you get it, you get it.
Mayday Mayday Mayday
Brace for impact
Note
Oh and don't expect Bitcoin to save you.Note
The Big Tech bubble is never going to end.You will have to end it yourself.
There is nobody around who has stopped using the internet altogether.
We still use, misuse and abuse all these companies.
Graphics (NVDA), Information (GOOG), Communication (META), Consumption (AAPL), all that is our oxygen. Let's make the bubble burst.
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.