Going long Game Stop makes a great deal more sense than owning US equities - or any other, for that matter.
(At least a case can be made for he former .)
... and here is one (among many!), reasonably reliable Risk On(Off) FX pair ...
... which says that the title chart just hit the wall.
What is that telling you?!
Risk Off, now!
... should that make anyone feel better ;-)
I was pondering why this went past the previously indicated PRZ (Potential Reversal Zone) and gap. It turns out that I have over looked that $1.3 Trillion which the US Fed. decided to print (marked in the chart), just to keep markets inflated, right before the pandemic (Covid).
Once that was taken into consideration, everything lines up and thus, it makes perfect sense.