Taking Out Last Week: Futures Swimming In A Sea Of Red

2022.04.18 09:41

Well, I had become accustomed to Sunday being the Everything Green day, as the deeply-embedded psychosis always commenced each and every new week.

What a refreshing change to see a sea of red. We’ve taken out last week’s lowest levels for the /ES…………

ES Chart

……and the /NQ……….

NQ Chart

…….but the small caps /RTY is more of a challenge:

RTY Chart

All of this being driven by U.S. Bonds being turned into one-ply toilet paper, as the entire universe realizes that the 13 year lie foisted upon the investing world has fully run its course.

ZB Chart

I have 20% cash to possibly deploy into new positions. Let’s see what kind of monkey business they’re going to pull between now and the cash open………

Source