Good morning, everyone. Well, folks, this is what we’re dealing with. I’ve been doing this since 1987, and I’ve never seen anything like it. Not even close.
Overnight, we’ve just be smoothly sailing along, just beneath the adjusted long-term /ES continuous contract.
The /NQ is the same, although it’s looking a little wobblier than the /ES.
Whereas the /RTY is daring (as I’m typing this at least) to actually show a little red.
One major question mark with respect to equities is, paradoxically, Bitcoin. This sucker is teasing just under the horizontal, and this is literally a “make or break” moment both for crypto as well as stocks.
I continue to stay lightly positioned in this environment which, as I wrote at the top, is something I’ve never witnessed in the nearly 40 years I’ve been doing this.
