It's all right here on Timm. There was writing on the wall and now we have some long term negative divergences in place at tops that have done some serious damage.

The writing on the wall.... https://mentormarket.io/money/@heyimsnuffles/the-writing-of-a-pullback-was-on-the-wall

I didn't think it would happen THIS QUICK, but boy was I wrong.

This is just gross and $IWM looks even worse as it was a clean break of the 200 day MA. This is not finished. Too much damage too fast for it to be over so quickly. And looking at the stocks such as AMZN, FB, NFLX, SQ, SHOP, etc., all of them look like dogshit.

All you heard or think about when you mention bubbles lately is crypto. Well look at these charts and tell me these are not monthly looking bubbles...

NFLX - https://twitter.com/heyimsnuffles/status/1050041939360456704

AMZN - https://twitter.com/heyimsnuffles/status/1050042053969743873

SHOP - https://twitter.com/heyimsnuffles/status/1050042158215036928

AAPL - https://twitter.com/heyimsnuffles/status/1050042323470602240

SQ - https://twitter.com/heyimsnuffles/status/1050043412127342593

And Finally... NDX - https://twitter.com/heyimsnuffles/status/1050047194928242689

It's all there folks. If you are buying something right now, this month, expecting to hold long term and not trading you will be holding a loser. Markets don't go up forever...and they all rhyme together. Ask Bitcoin. :)

Published on

by heyimsnuffles

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