Is it a car, plane, spaceship? No! It is a transportation crash!
The traditional indicator of a bear market, transports, has officially broken through major support. (What wedge is there left?) When everything collides at once, high *everything* prices, high interest rates, high credit card debt, high social anxiety, and majority of bears are deathly silent, on a foundation of bull !@#$ and 0dte options (mostly bullish), what could go wrong?
Transports leading the way down...
Almost all sectors breaking primary support...
Bonds continue to crash past 50% from ATHs...
VIX soaring...
Zilch put OI and volume on the daily...
Secondary top formation on most indices, ie. EW wave 3 possibly incoming...
What could go wrong?
Hint: GICs are at 5%. A year ago they were barely 1%. Get some.
Transports leading the way down...
Almost all sectors breaking primary support...
Bonds continue to crash past 50% from ATHs...
VIX soaring...
Zilch put OI and volume on the daily...
Secondary top formation on most indices, ie. EW wave 3 possibly incoming...
What could go wrong?
Hint: GICs are at 5%. A year ago they were barely 1%. Get some.
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