Another prophecy fulfilled.
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ZT1! TN1!
A slew of key assets broke below key support levels today. It'd be exceptionally unlikely for the market to pump them back above those levels by tomorrow.
If you happen to be running an AI company that lives off funding, it'd be wise to cut your valuation in half this weekend and beg for the next round ASAP, because over the next year, even if your revenue grows tenfold, your valuation would be one-tenth of today's, if you're lucky.
You’re welcome.
XAUUSD XAGUSD
Rule number 1: Never bet against me.
Rule number 2: Refer to rule number 1.
Rule number 3: Refer to rule number 2.
SOXX shed 4% at one point after my post, as I expected. I think there'll be good short opportunities in ES1! and NQ1! over the coming sessions.
I think there will be further downside after this bounce as the market rotates from AI into non-AI trades, as evidenced by SOXX staying flat while the indices rally hard.