[IMG] Massive levelsNASDAQ is trading around the huge 20200...

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1	Column 1 0 Massive levelsNASDAQ is trading around the huge 20200 level. A close slightly higher and we will be taking out the 200 day and the short term negative trend line. Note we have a possible huge inverted head and shoulders. Imagine the pain should that one kick in ... Refinitiv

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0	You are consensusGoldman's derivatives guru Garrett: "if you’re bearish, you’re consensus … doesn’t mean you are wrong, but you are in the majority". On AAII sentiment he writes: "...investors have *never* been this consistently bearish… for 11 straight weeks, >50% or respondents have been negative on the market" GS

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0	Pick upBiggest move higher in the AAII bull-bear spread in a while...although the spread remains at longer term depressed levels. Chart shows SPX vs the spread. Refinitiv

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0	Size buyingGarrett continues: "if everyone is so bearish, who is buying?" (un)natural answer = systematic community who have purchased ~100bn of global equities in the last 10 days. GS

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0	Make the dollar great againDXY taking out the negative trend channel, trading well above the 21 day moving average. 50 day is way higher... Refinitiv

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0	GoneMighty euro breaking below the steep trend line, trading well below the 21 day for the first time since the squeeze began. 50 day down at 1.10. Refinitiv

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0	The dollar shortyLot of "nouveau" shorts... JPM

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0	We have seen this movie play out beforeUSDJPY taking out the short term trend line having bounced on massive supports. The biggest difference from prior times is that the JPY long is huge. Refinitiv GS

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