Ep208: Turned on a Dime, Just Before I Questioned My Bear Sanity. Again.

So yesterday was once again a phenomenal day.

We've turned around on a dime pretty much just in time before I was questioning my sanity once again.

The experts have confirmed that the cause of the reversal, there were 11 possible reasons, each confirmed by different experts.

So depending on which talking head that you follow in the moment, there could be a few reasons as to why.

But to be honest, I don't really care about the why, as long as it does so within the parameters of what I'm expecting Bryce to do, otherwise known as my strategy.

Now, the continuous futures look like, well, the S&P and the NASDAQ, they look like they nibbled new all-time highs.

And the cash markets show the reality that didn't actually do that, it's just a way that these continuous futures contracts are stitched together.

So it did look like it's, depending on the data that you look at, so just something to be aware of in the future while I take a little deviation down this sidebar.

Now that said, that can offer some interesting clues when a situation like this happens.

Price often actually retreats from that, well, let's call it a fake new all-time high.

It actually does this quite often, so if you're aware of it, it could give you a little bit of a clue that price is going to peekaboo and then retreat in the way that we saw yesterday.

Now, before we started this week, we were banging on this big bear drum anyway, as this week was going to be the week that the markets could tip over like a cow on freshers week.

The VIX has skipped through the daily fields, over the daisy field, over said cow, and we're finally just nibbling above that 16 level again.

And, you know, basically, let's see if it's all we've been here before.

You know, ultimately, we can see we've got these horizontal lows with these rising highs.

So we may just see price push higher and then retreat, which will be a push lower and then a rally higher.

So we could just see price continue to yo-yo rounds.

Now gold has been setting up again, we have been looking at that V-shaped entry, and just as quick as we saw it set up, we can see price just pushing lower there, and we may see that void, so as soon as you get that set up, it's going to void quite quickly.

And those gold bugs that we saw over the last few years, and basically the sudden rise of the internet gold bro and the YouTube experts, they don't really seem to be anywhere in sight while this year kind of scraps and scrapes its way around the price charts.

So this year seems to have been very tough for them indeed, but, you know, boo-hoo, very sad, you know, let's move on.

Those internet gold bros have gone quiet, which is probably the most informative thing that they've ever done.