The technical case for a bear has fully developed. There’s been the classic warning signs for a while.
The case for a macro bear has now fully developed. (substack.com)
Pre-Capitulation Conditions are in Place - by HoleyProfit (substack.com)
And recently we have moves that’d I’d class as the confirmative patterns of the above forecasts. The technical conditions are all complete - All that’s missing now is the overt publicly known reason. The thing that’s impossible to forecast and thus will be the natural rebuke to a theory the crash was foreseeable.
Everyone should know the reason for the market break. From stock pickers to nose pickers. Something should happen. It should be obvious.
And this time, bad news is just bad news.
I do not want to make any forecasts of speculations on the news. What I’ll say is I hope it’s related to markets rather than an outside event - because outside events ten to have really bad real world outcomes. In all the big outside events I’ve seen previously in breaks, people were dying.
What the news is or is not is none of my business. I’m a TA. It’s just important to let you know we should expect some sort of trigger event if this move is going to happen. Few people see a crash coming, but everyone knows why it happened after.
Let’s now get into our break signals from a TA perspective.
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