The criminal bulls did their best to bid up this grotesquely overvalued house of cards, but at the moment, they have totally failed.
We can see here the /ES (festooned with the prancing, mincing permabull Tom Lee) has slipped to session lows (again, at the moment; I trust this market about as far as I can throw it).
The /NQ (in this case, festooned with the megalomaniacal Chamath Pdusoiuetiouweo) disappointed bulls near and far.
Looking at the somewhat longer-term, the /ES has cracked to a new low for the month, which is splendid.
I am most heavily short energy stocks, but I’ve got some tech in there as well. I remain with 20 bearish positions with an average days-to-expiration of 151.
