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SwissMail
May 11, 2023 2:50 PM

The REAL S&P Short

MSFT+AAPL+META+AMZN+GOOGNASDAQ

Description

As you might have heard headlines like
"97% of the gains in SNP this year are made up by the top 15 companies"
"Worst market breadth of all time"

Here's a chart of the big 5 (FAANG with microsoft instead of google)

Those "TECH" companies are seemingly ignoring bearish economics and skyrocketing on AI

But...how long will it last when people are seeing 30% lettuce inflation and the like?
(Not to mention NATGAS and USOIL sitting at strong support levels forecasting another possible runup on inflation)

Who knows... I'm not an oracle but here's a chart shows elliot count and pre-distribution supply level

Good luck
Comments
Correction
just use RSP silly
SwissMail
@Correction, not the same but thanks I'll add it to the radar
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