Nasdaq is now the most overbought since right before Volmaggedon in 2018

I did a 7-year correlation analysis and found that every time Nasdaq has hit 80+ on the Daily RSI, it has led to a correction

The smallest? -3.94%

The largest? -30.50%

Here's how I plan to trade it 👇 First off, since this rally has been very aggressive, it is important to not rush to short just because of one variable

I always preach to look at multiple data-points before formulating a trade thesis, this is no different

As for how to mitigate upside risk, I use pivots...

I just finished back-testing all of the most popular trading indicators over the past 25 years

The results were shocking:

‘Buy and Hold’ outperformed every major indicator by a landslide

Until I found this strategy(Thread) 👇 Bollinger Bands had a ‘whopping’ 70% success rate on $SPX, much higher than the other indicators

This made me think:

What if I paired BB with another indicator? Better yet, what if I paired it with the 2nd most successful indicator from the first picture?

The 2 Companies that Own The World (Pt 2)

In both 2009 and 2020, the Fed contracted BlackRock to “save” the economy

Not only do Vanguard and BlackRock own all the top American businesses, as I shared in the last thread, they are also closely knit with the Fed As the Fed began its historic purchases of corporate bonds/exchange-traded funds during the Covid Crisis, almost half of the Fed’s purchases went into BlackRock funds

The Fed bought $8.7 billion worth of ETFs in 2020


$BLK outperformed $SPX (Orange) in the following 2 years

The 2 Companies that Own the Entire World (Pt 1)

BlackRock and Vanguard have created one of the greatest monopolies in history

They played the system so good that the government cannot even break them up

Here’s how they did it 👇 First, you need a basic understanding of 'voting rights'

This is the right of a shareholder of a corporation to vote on matters of corporate policy, including decisions on the makeup of the board of directors, making substantial changes in the corporation's operations, etc...

Retail has a sour taste for Dark Pools - Let's analyze it from the big firm's perspective (Thread)

Here are 2 reasons institutions have access to ATS's, aka Dark Pools, beyond hiding orders from retail 🔮 First, the original purposes of Dark Pool exchanges were to make it easier for institutions to not have as much of an immediate affect on the market & escape algos

Example: If $GS wanted to buy 25M shares of $AAPL at once, there would be a sizable disturbance in the market

Volume does not matter on the indices/ETF's (Thread)

If we agree that the market is manipulated to an extent, a big firm can artificially inflate the volume level shown in any candle, 15m hour, daily, etc... Big money can exchange shares with themselves instantly across various exchanges. So, if there are MM algos programmed to trap people (which I believe is the case, since it's in their best interest to collect the spread of premium on contracts),then they can create fake breakouts

BIG NEWS (Read below)👀

I created a $SPY volatility algo that, during its beta testing, has generated all of twitter my call-outs in the past 3 months. So yes, all of those 300%, 400%, 500% trades were a direct result of my algo.

And now, I plan to share it (Read thread) 👇 2/5 The usability of this algo is extremely complex and will be worthless to the average retail trader if used alone.

The precision of levels and timing was fine-tuned by countless hours of screen time and backtesting.

However, I can guide users in the correct direction