E.L.E.2

Just another day at the office...
Plotting the SPX median line shows something quite ordinary.

No problem is apparent. All is well in the financial markets.

Classic candle charts hide the truth, as I have many times explained.

SPX now prints a bear 2M bar on the 3-line-break chart.
This simply means that a bearish engulfing has taken place on a significantly large timeframe.
These things come up rarely. They must not be ignored.

... Extinction Level Event 2

On the main chart we see a massive RSI divergence taking shape.
Coupled with a massive bearish engulfing, fear is beginning to hit.

Too much has accumulated in Big Tech. (Notice the bull confirmation)

SPX Democracy is at a multi-year low.

The XLK vs SPY ratio has reached the 2000 levels. (Notice the bear confirmation)

The .com bubble burst is coming again.

No big stock is safe from this event...
MSFT

META

There is really no point showing more. If you get it, you get it.

Mayday Mayday Mayday

Brace for impact

ノート

Oh and don't expect Bitcoin to save you.

ノート

The Big Tech bubble is never going to end.
You will have to end it yourself.

There is nobody around who has stopped using the internet altogether.
We still use, misuse and abuse all these companies.

Graphics (NVDA), Information (GOOG), Communication (META), Consumption (AAPL), all that is our oxygen. Let's make the bubble burst.