Michael Burry just bet $1.1 billion against AI giants. Tech stocks tanked. The real contagion risk isn’t AI valuations—it’s that when the Magnificent Seven sneeze, the entire market catches pneumonia. Here’s what we discovered trading through the chaos.
...Textbook A+ setup day: price jumped below 2-day VWAP creating “VWAP Flop” in bear-biased market
6 for 6 trades by lunchtime: Premium Popper ORB20, VWAP rejection, 60min breakout on SPX & RUT
Phil’s results: SPX 58.3%+54.5%+54.5% ROC, RUT 58.3%+64.3%+64.3% ROC – systematic perfection
Students smashing scoreboard too: 11 traders executing same setups, Premium Poppers fast action, 50% ROC wins
Very little changed 24hr, anticipated pauses at prior NATHs without over-reaction (talking heads calling “bounce”)
3 of 4 indexes breaking back into range – potential pullback after break before further down moves
SPX broke down, nudged BO target 6763.80, now testing breakout range lows as support
Systematic patience required – need confirmation before next directional commitment, time will tell all
Bearish breakout active with knee-knocking whipsaws, system mechanical despite weird funky market top behaviour
Uncle Russell leads bear charge, ES close second, YM finding support 47200, NQ back inside containment
Mag7 tipping over: META bear 600% ROC, AMZN abandoned baby B- setup, NVDA tweezer top speculative punt
Premium/Lazy Poppers ticking over – not buggering around in weird environment similar to past tops
Bear quadrangle (ES/YM/NQ/RTY) finally moving in lockstep with >1% overnight drops
VIX elevated clue from yesterday justified at 19.66, huge gap potential at opening bell
Oil making run for $60 next leg, gold stalling sideways – “kinda right, never know when”
“If not Black Monday, perhaps an off white Tuesday” – right on view, wrong on time
Red Zombies for November (vs White Rabbits) – markets doing SFA whilst Uncle Russ leads lower
VIX nudging higher nervous tic, oil developing lower high targeting below $60, gold stalling sideways
SPX/RUT bearish breakouts waiting for targets or range continuation, Tag ‘n Turn setups queued
Economic calendar packed this week IF government shutdown doesn’t scrub data releases again