Something truly rare is happening in markets.
This is the biggest report I’ve written since November, maybe the biggest I’ll write this year. There are no memes here. There are no bite-sized “takeaways” or “market calls”. Traders should take the time to carefully study what I’m sharing, then actively monitor the charts on their own going forward, and decide for themselves if any of this is important. Most charts in this report are in WEEKLY time frame. The data won’t change if markets trade down this morning and rally in the afternoon. The picture won’t change if a hot microcap Stock is up 80% tomorrow. These charts and their key message has been developing for months (and years) and won’t change overnight. Those who fail to understand time frames should stop reading (and shouldn’t be trading in the first place).
This post is for traders and students of market history. This means two things: (1) Readers with similar interests are always welcome/encouraged to write back and share technical charts with any interesting idea. (2) Anyone looking to talk about the Fed, politics, liquidity, epidemics, inequality, 1929, debt, please don’t bother sending comments (they will be spam-filtered and not read).
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