Sunday past I warned of a Red Flag situation as disbelief that a depression is coming.
Yesterdays mauling was exceptional and brutal...a violent plunge.
Extreme negative breath is your key to what's unfolding.
The is over and major Wave C down is upon us.
This wave WILL be a crashing decline below the March lows.
Looking to add to shorts on this bounce.
Now it's sell the rallies again!
Be careful as these rallies can be punishing.
We are witnessing the ultimate shorting opportunity of our history.
Veterans have seen similar shows before.
You simply cannot have a recovery when the economy has been butchered.