Let me show you something that cost people money this morning. We've been ripping for a week and everything has been working, so people were feeling pretty good about themselves coming into today. Then this morning the market started sliding, and one giant red candle came out of nowhere and dropped straight through everything underneath it. That candle is not a tradable candle. That's a flush, and it's the worst possible second to get involved. And I want to explain why, because it has almost nothing to do with the chart. When a move like that shows up I'm not really watching price, I'm watching people, because they see something running and they get excited, and that excitement is what creates the speed. Then the speed pulls more people in, and now everybody's piling onto the same side at the same second. Which is exactly when it snaps back. Almost

I don't think we've found the top, brother. Look, what isn't pumping right now… SPY is breaking out, this is major, and the QQQ just got back over its 40-period moving average and is trying to climb over that whole initial breakdown, which is very strong for the Q's. The bulls are taking over and they are driving this train. Whatever that was last week is yesterday's problem. But okay, real talk, and this has been bugging me for days. I still don't really understand what caused that breakdown. It was very odd. I could read exactly what price was doing, I just could not tell you why it was doing it, and I hate that. So today Mark's on with me and he just tells me. Japan and the United States took a liquidity bazooka to this market. Japan started Thursday, the US joined in Friday, and that Wednesday

Hot diggity dog, what a day. The Nasdaq ripped almost 3%, Microsoft went up 16%, semis were on fire, and just about everything on your screen was green. I'm still looking lower. I know. People are like, why would you short when the market looks so strong today? Because this works. This works until it doesn't, and right now it's still working. Let me walk you through the channel we're in, the measured move we already got, and the two things that would tell me I'm wrong. Let's talk shop. Go back to July when we broke that pennant. I identified it as a straight up pennant and I think that was clear as day, though one could argue it was an M top because we had a lower high in there. Either way, it broke. Here's what a broken pennant hands you. You take the mouth of the pennant,