I noticed something quite interesting. You see, I am surrounded by screens, each of them representing a different important market. I noticed on the NQ that it hit a couple of red lines and then started falling. I was curious what those red lines might be.
![nqmin](https://slopeofhope.com/wp-content/uploads/2021/12/nqmin-640x377.png)
The above chart is made of 1 minute bars; I zoomed way, way back, so I could see the big picture better, and my jaw dropped – – the two lines in question were:
- The horizontal basis for the topping pattern;
- The broken trendline dating all the way back to the March 2020 bottom.
![nqbig](https://slopeofhope.com/wp-content/uploads/2021/12/nqbig-640x542.png)
Look, I’m not immune to worry. I’m not immune to fear. Far from it. I’m probably the most hand-wringing scaredy-cat on this entire website. So yeah, I’ve been trimming positions down from 27 to 21. But if I had any sense (or balls) I probably wouldn’t touch a goddamned thing, because what we’re seeing is EXACTLY what one should expect when the bulls are about to get wacked across their skulls with a piece of timber.
Just sayin’.