There is a lot to the technical picture right now that most seem to be missing, while placating themselves with largely irrelevant, ill-timed and incoherent data points that are misguided, for lack of a better term.
Here is the most obvious example from just today with AAPL.
This is endemic in the markets presently. Important market averages and individual names are casually moving beneath their 200 day moving average as if it isn't there.
Basically, this is the markets version of shocking a patient who is in cardiac arrest with no response. AAPL is flat lining.
It's not 1, 2 or 10 names/indices that doing this. It is everywhere.
By the end of this week, the S&P 500 should join the flat liners, although it is, at least, trying to put up a fight. I expect that by tomorrow that fight will be over, with the S&P moving beneath 3900 to end this week.
Getting short and only adding to shorts since the beginning of February, after being heavily net long since October was not as difficult as it may seem if you are observing the correct price levels.
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