Today was the first day in what feels like years that it felt good to be a bear. Everything about it went right, particularly the fact that every little attempt for the bulls to bid things up fizzled and died. It was like a tall glass of cool water in the middle of a scorching desert, with the disgusting, haggard face of Janet Yellen glistening in the sky like a Teletubbies episode viewed after ingesting Owsley LSD.
The ES has clearly broken its uptrend and has made a cute little topping pattern:
The triple-bearish-on-energy that I specifically cited as a long idea is turning higher:
And the Dow Jones Composite is poised to give the bulls the merciless flogging they all so richly deserve, particularly after their brazen cynicism at bidding markets higher in the face of a bloodthirsty attack by the Religion of Peace.
How about we get five weeks of this kind of market, day after day, just to let the bulls know precisely how it feels?
