This rally is a 10 out of 10 for biblical fatality.
The sum total of four decades of maximum stupidity:
1980 Fed Volcker gambit
1990 S&L bank collapse
2000 Tech bubble
2008 Housing bubbleAll bought with both hands compliments of Skynet. pic.twitter.com/GPdYojJOMo
— Mac10 (@SuburbanDrone) June 14, 2023
Fed far more hawkish than expected. Not a pivot, not a pause, merely a punt to July. Tech momentum late stage parabolic. Breadth negative on both exchanges.
Las Vegas just won the Stanley Cup.
The End Times have arrived. pic.twitter.com/Y63bbtj5xJ
— Mac10 (@SuburbanDrone) June 14, 2023
Bears aren't always right, but they were right the last time this happened. pic.twitter.com/AOv40YByRz
— Mac10 (@SuburbanDrone) June 14, 2023
I'm trying to imagine how a crash couldn't happen. pic.twitter.com/X6Pfa2bGn4
— Mac10 (@SuburbanDrone) June 13, 2023
This is a case study in Elliott Wave Theory. Two rallies of equal duration.
The first rally is an impulse wave without any pullbacks to the 50 dma. This second rally was overbought in February and again now. pic.twitter.com/yPNaSgXOK7
— Mac10 (@SuburbanDrone) June 13, 2023
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