Breakup of the channel.... typical. And besides this breakup of this channel the other indexes, namely XLF and IWM reveal weekness... Market holding because of ge´s and ibm´s? I am calling the top here.
Long USDCAD, Short EURUSD and other indexes...
Breakdown in Mega-Cap Growth Confirms Bear Phase
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While our major equity benchmarks showed incredible strength in Q1 2024,
breadth conditions have been deteriorating since mid-March. Despite the
weakening ...
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