NG (gold) had gotten a bear flag look, but appears to be nibbling through at the moment

Btw, did IBM stay long as well in the vol system?

NG attempting a  breakout, but uninspiring volume so far. The MA is below are holding up well though.

Very sorry to hear this. Sincere condolences to you and your family!

NG pushing up against resistance

Tnx!

Btw Digi, do you have a preferred strategy for AVWAP? I've heard Brian Shannon's book is good

Tnx for the stats! Something else that may be unprecedented is the level of passive/index investing.  Regular 401k deductions, FIRE, pensions, etc., buy and don’t open their monthly statements, creating a slow-drip bid and a lack of sellers. Burry and others have been outlining the bubble potential, but it’s less clear what, if anything, could deflate it (it’s like wondering where the money printing will end).

Annoying finX bears, I should have said!

Yep, divergence forming but still enough gas to his the measured move in a day. Seems there’s no patience anymore :-)

Speaking of which, the weekly cup targets 6000ish, which is where Henrik Zeberg is predicting we hit in H1, which seems to fit the no patience theme. Interestingly, after annoying bulls on finX with his rocket emojis  last year, Zeberg believes markets get hit hard in H2. 

Institutional traders sold 5 billion last week (largest since 2015, according to @barchart) Have to wonder if they were waiting for this strength?

Tnx for reminder! I had given up on the larger wedge when it blew upwards, then it hit the downside target within a day. "Squeeze the shorts" seems one of few certainties, lol.

Tnx! Was a nice race to touch that open gap/Jan11 support into the close.  Am hoping a measured move from a rounding bottom might close gap then  target Jan4 support/Jan12 resistance. 

Yep, and the smaller player sentiment I'm hearing is "I'm buying calls until it doesn't work anymore"

The inverse 2022 perhaps. 

ADBE is really having a month with their potential to capitalise on this (+33%)

Bingo indeed! Was not a bad looking cup and handle breakout before it became exit liquidity, lol

The Nik dropped about 1% round midnight EDT and seems the NQ/MES spooked as well. Only rationale I've heard so far is "profit taking".

I should have said 419 (high of previous rounding top on this chart, not the day!)

Now a much bigger reversal diamond perhaps? Could target 418.60 or so, then maybe hod. 

Looked like the rare continuation diamond until btfd kicked in at demand zone, lol. Nice patterns leading up to it today.