Sure beats listening to Fed speakers…………

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Sure beats listening to Fed speakers…………

I am honestly in awe of how charts have been behaving the past couple of months. I have been doing this my entire adult life, and I’ve looked at literally millions of charts, but this must be one of the most chart-compliant markets (in retrospect!) I’ve ever seen. Just look at the NASDAQ 100, and focus on that dashed blue line, which is the midline of a multi-decade channel.

It was only a few weeks ago that the asset markets were at the highest levels in the history of the universe. We have recently seen a tiny bit of slippage in the form of a few percent here and a few percent there, but that little paper cut is enough to make this the top story over on /wallstreetbets:
