The last time the Bulls were in the volatility compressor (aka Tool Shed) was Sept 9-11.
Notice that the Bears are also in the shed, and except for the last 6 hours, they were worse off, more beat down.
This time it is different.
The Bulls are in solitary confinement and are about to get it. This condition was last observed on August 28.
People are always trading the last trade. I see no bottom, I hear no bottom. The momentum has barely started coming on.
The other thing was the deep disappointment in the YouTuber I used to have sympathy for. When he started shilling Sven’s take on the S&P – the monthly low was made on the first day of the month for many months, trying to steal credits, I had to realize that this Brian Shannon slogens boosted ego trip guy has folded under the pressure of having to show for, and all of his outrageous performance claims belong in that too good to be true bucket borrowed from the Scammer Supplies.
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