The Maginot Line was retaken by the bulls, but at fatal cost. All of the generals were slaughtered: Facebook, Amazon, Netflix, Google, the Nasdaq 100 etc. Leadership now is from cereal and toilet paper companies. In other words the bull market is way over, but it's still a secret. They're waiting for confirmation Limit Down 20%, when the Maginot Line gets breached for the last time...
Nowhere for two years visualized:
1880 S&P has been touched from above and below about 20 times since 2014
Bulls used up a lot of firepower in the past two weeks to retake 1880...
Price / volume:
And in the past two years
Price / volume:
This worked again...
Equal weight/cap weight:
Another way to look at the same thing - a failed back test of the neckline...
Momentum is to the downside...
Short-term momentum oscillator:
