When you combine yesterday's record index
highs with today’s negative breath, sub-zero baseline TICK, and
long upper tails on any positive attempts, the tape is flashing a
classic text-book
exhaustion
signal.
Keep a direct eye on the
bodiesof
those TICK candles. If the upper tails continue to dominate and the
candle bodies start pinning themselves deeper into the negative
territory (consistently closing below
$-600$to
$-800$without printing any clean, solid blocks above zero),
the buying power is officially tapped out. The moment those
defensive tech names soften even slightly, the index floor will
likely drop rapidly to test fresh session lows.
What This Signals for the
Posted by EdZ on 3rd of Jun 2026 at 10:48 am
What This Signals for the Next Pullback
When you combine yesterday's record index highs with today’s negative breath, sub-zero baseline TICK, and long upper tails on any positive attempts, the tape is flashing a classic text-book exhaustion signal.
Keep a direct eye on the bodiesof those TICK candles. If the upper tails continue to dominate and the candle bodies start pinning themselves deeper into the negative territory (consistently closing below $-600$to $-800$without printing any clean, solid blocks above zero), the buying power is officially tapped out. The moment those defensive tech names soften even slightly, the index floor will likely drop rapidly to test fresh session lows.
NVDA looking weak now.
Someone on Twitter/X asked the
Posted by EricK on 3rd of Jun 2026 at 11:08 am
Someone on Twitter/X asked the question "at what point does the current greed turn into fear?" and I think that sums it up