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"A" Bottom Is In 5/11/22


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7 hours ago, DrStool said:

Conversely, a rollover below 4060 should have them testing the low very quickly, and possibly breaking down. Especially if there's a weak bounce off the test of the low.

I'm old enough to remember when this was mentioned.

"Heh! Bully! How's that 'weak bounce off the test of the low' making you feel?"

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43 minutes ago, BurntOnce said:

there's a "market liquidity" issue, according to gloomberg.

what the hell did they expect when the Fed stopped QE. That liquidity would be plentiful? Anyone paying attention saw this coming.  

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Close on the low here, then gap sport overnight for another breakaway gap, and even possibly a massive island top, as a suitable exclamation point to celebrate the end of the greatest Merle Hazard bubble in world history. 

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