Recent intra-day reversals are due to institutional dumping of tech stocks, selling to retails. The weak 30 year treasury auction + Fed’s BTFP emergency lending window at a new all time high = We are in the final countdown.

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This chart sums it up.

Stocks made a higher high on the left shoulder, lower high on the right shoulder. Extreme speculation both sides.

QE tailwind left, QT headwind right.

Volume similar.

New highs peaked during meme 1.0 pump and dump.

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In summary: Deep burial.







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