It’s quite evident at this point that the BTFP (quickly referred to as BTFD by the trading crowd, which was quite prescient) introduced by that despicable pig Janet Yellen has added trillions of dollars to equity valuations. The most meaningful hope for exhaustion is for the recovery of the banking sector to cease.
Looking at the ETF symbol KBE, we can see how the surge from the small bullish base has pushed present price levels precariously proximal to the base of the giant topping pattern.
If indeed KBE can reverse from the pink, then the IWM bullish pattern (which is by FAR the biggest threat to the 0.0000000001% of the planet that is still bearish) will be visited by the forces of ruination.
