2022-05-24

Capitulation Begins?

The major indexes rebounded from intraday lows and the Dow even went green. Meanwhile, the usual suspects imploded again. Of these, only SNAP went lower (being the cause of it all with weaker guidance), setting up a potential falied h-pattern on many of these charts.
Here are ARKK and ROKU, the former is much earlier into an h- so not sending a breakdown signal, whereas ROKU could break lower tomorrow if markets slide. Or that's a dobule bottom.
And BTC still sitting right on the line.

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