Well, my head is spinning. Having slept from 1 a.m. to 5 a.m., I woke up to a pile of user emails, a site that needed tending, and 100 short positions to manage. Added to which, my profit has swung from Insanely Massive to simply Good. All while fighting server demons and tech mysteries. I even managed to get out a premium post. Bob Ross and Blue Bottle are the ONLY reasons I’ve made it this far.
I’ll just share you this one chart. Maybe we’ve washed out a bit this morning. Here’s the small caps (Russell 2000). Maybe we’ve got a double bottom for now. More broadly, we’ve got quite a violation of the moving averages happening. A firm downtrend remains in place. But the bulls haven’t given up. As I’m typing this, they’re fighting like hell, and it’s working. Watch that tinted zone.
