Potential Size of Bear

This is a measured move. It seems insane, but this stock has broken long-term support. Completing the top creates a measured move well below $100 per share. There are areas where it would find support before the low. Overall, a breakdown on this stock tells me bonds are in a secular bear market or the bear will be highly deflationary.

Why I'm So Bearish Example

SBAC is a popular stock with income investors. They install and own wireless communications infrastructure. It lost long-term support less than a month ago. It has plunged $90 in about a month since then, arouind 27 percent loss.

I see similar charts all over, McDonald's being my favorite. We'll see if I am clueless or not in the coming days, weeks and months.

Looking for the New RCAs

I've been going through various charts looking for high-priced stocks that could tumble. Google looks like a blowoff top to me. There are lots more, but I didn't want to make too long of a post. I also looked at the largest stocks in the Russell 2000 and found a few of those with bearish potential. The Russell 2000 being the weakest of the major indexes.

Real Estate

Very early, initial signal of a possible reversal in real estate: the 3x Bearish Real Estate ETF (DRV) broke its downtrend. Some other charts that look interesting in the real estate space. Some are failing at their initial pandemic gaps, some look relatively weak and could be starting meaningful breakdowns if they lose support (assuming a larger bearish move is underway in the market), while others are near pre-pandemic highs.