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.
Basically, March 8th (the huge NVDA pop day) was the oh-my-God best time ever to short the living hell out of anything tech-related. It did a PERFECT tag of the midline, and it’s been crumbling ever since. Amazing! Beautiful!
