Friday, September 16, 2016

The Sum Of All Fools

This week is the Lehman anniversary, the Brexit breakout retest, 2010 Flash Crash retracement, Deutsche Bank implosion, and the Occupy Wall Street anniversary.

Nothing has changed.  

What could go wrong?



Flash Crash retracement pattern...



Today, shorts covered ahead of the Fed next week. Good job everybody...

Inverse Brexit pattern aka. 2120 revisited...



Speaking of Brexit and 2120, the low volatility implosion fund is now BELOW the Brexit breakout level. And VIX pattern is the same...




Buying intensity weakened over the course of the week:




Global Financials got bitch slapped on the Deutsche Bank news...



This week saw the heaviest selling pressure since last August...



Staples at the precipice




Massively overcrowded "Smart Beta", at key support...




Junk and oil trading as one...




World ex-U.S. rolled over






Volatility sequence identical to 1987, including backtest of the uptrend line on the weekly:





All of which confirms the count...





MW: Sept. 16, 2016
Don't Worry The Market Won't Crash Because Everyone Is Too Bearish

% Bearish
September 2008 versus Now. An Idiocracy never checks facts. Because facts are just a nuisance that impedes denial, fantasy, and delusion...