After our Turn date of July 21, 2021 failed to continue lower
in Traditional measured moves, the reversal was 2X the
decline.
Institutions placed large Put Protection on Wednesday.
Protection was Squeezed again
Margin Debt relative to the Equity Complex Valuations remains
quite low, contrary to what is being reported - the Dollar Value...
to which there is none. It has become an immaterial metric.
The Federal Reserve will continue to protect the Economy,
which remains the Equity Complex.
in Traditional measured moves, the reversal was 2X the
decline.
Institutions placed large Put Protection on Wednesday.
Protection was Squeezed again
Margin Debt relative to the Equity Complex Valuations remains
quite low, contrary to what is being reported - the Dollar Value...
to which there is none. It has become an immaterial metric.
The Federal Reserve will continue to protect the Economy,
which remains the Equity Complex.