
Clown Invasion!

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Yeah, well, look, I make dozens of meals each month. I’m taking Mrs. Bear out and giving myself a break at the same time!

I’ll just state once again how important crypto strength or weakness is to equity behavior. I’m not referring to the literally millions of alt coins and junk coins out there, which are meaningless. I am referring to the tiny handful of large-cap instruments, principally Ethereum and Bitcoin.
Ethereum has quite clearly broken down from its last, best chance at a meaningful breakout by way of that right triangle setup. Instead, it is convulsing in a series of failures, and all holy hell will break lose if it cut beneath that low price established last April 9th.

Happy Valentine’s Day, for those who choose to observe it. Let’s look at a few big ETFs following this big week on the markets.
First up is the DIA, based on the Dow Industrials which Kim Bondi single-handedly blew up with her hubris and shrieking. We are sub-50,000 again and have failed the breakout represented by the horizontal. What we really want to see is a failure of that medium-term trendline, anchored to last November’s low.
