I’d say MSCI is heading for a hard fall, as it approaches this gap-close.

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I’d say MSCI is heading for a hard fall, as it approaches this gap-close.

Because is the fund OEF, which is the ETF for the S&P 100. Because of the vomit-inducing rally, driven entirely by the federal government in an effort to secure a new term for the current administration, we have MATCHED the prior high TO THE PENNY. Allow me to hoist a pint of beer in the hope that this is a double-top, in spite of our idiotic government’s multi-trillion dollar efforts.

Reddit had their first earnings report as a public company, and the stock exploded last night. It’s still up, yes, but it isn’t exactly following through. I would look at this breakout from the base with great skepticism.

An interesting convergence of multiple trendlines representing resistance of $XBD:
