A thread about my thoughts on the market:

$SPX has a rising wedge, looks really weak.

$DXY is bottoming with the short interesting going higher and higher.

$UVXY building a big base. Last time we saw this was in February.

$RUT has hit respected trendline from 1998.

$DJI about to hit the respect trendline from 1929 and 2000. These were two secular bull markets that ended.
Big tech looking really weak.

$NVDA about to break down.

$MSFT had a breakout failure, which is usually very bearish.

$FB has already broken down.

$APPL looks to have a double top. Also went outside of bull channel.
Back in 2000, there was a late rotation into $RUT and it broke out of a base and this spelled the top for the $NDX.
We are seeing the similar pattern here in 2021.
Short interest for $DXY is sky-rocketing. Such an extreme positioning has led to a rally in the past. A $DXY rally is a big threat to equities and precious metals.

R/T
@MacroCharts
$GEX prints shows a correction/crash is imminent.
Governments all around the world are spending at a record pace but they are unable to generate inflation, which further proves that we will have a deflationary crash before run-away inflation.
Equity PUT/CALL ratio is almost at record low levels. Nearing Dotcom bubble levels. Keep in mind that this is in a deep recession.
The market breadth looks quite strong here. If the markets don't top here, there might be one last rally left before the this secular bull market ends.

More from Trading

Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.

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