During yesterday’s momentous 2000+ point breakdown, I forgot to mention yet another fact that cements this new Bear Market into reality. The DIA trendline is broken. I’m not talking about some intermediate term line. I’m talking about the biggest of the big. Today’s rally did a gorgeous job pushing us right back to the price gap.
As for Tuesday, my broad shift the day prior to “lighten up shorts, go short bonds, go short precious metals” was the right move.