The Bullish Fever is Broken

Always a risk of a final higher top, but the bullish fever has broken.

QQQ has the same wedge and premarket decline breaks its wedge too. Not as clean as crypto, yet.

ZB looks busted, but TLT still looks like it could be an inverse head-and-shoulders. I don't care how it resolves because I have no position. Up is ice and down is fire, the difference is important for choosing the best short targets, but otherwise immaterial for what I expect will be a big bear move no matter what.

Crude needs to crack for energy shorts to pay off. If it does and the stock market slides, that sector should deliver some outperformance for bears. Tech will also be in trouble if bonds sink again.