I reminisce to 2008 when QQQQ was around these levels and a friend asked if I thought QQQQ was overvalued. I replied, that POS was overvalued at 35!
The expected, and much awaited climb in Equities took place so far today.
The ramp was steep....that's how the MM's do it boyz, if you are short---you stand there like a deer in headlights hoping that it was a blowoff top and it will soon come down, then they meander the tape back and forth upward, like in a slow frog boil, trying to reach your time patience and uncle point.
