Well, if they had stopped to consider what was said in the FOMC meeting regarding SOMA, they wouldn't have been caught in this drop. They are pulling liquidity from the market, the FED through SOMA, reduced repurchases from 180 billion to 80 billion, DAILY.

In troubled times like the current one, in my opinion, more important than any chart is to follow the most important website of all:

https://www.federalreserve.gov

Read the minutes, read all the minutes of the open market.

It will not be me, or anyone else in this square, or YouTube or wherever, that will influence more than the participants of these meetings. That is where the world economy is decided.

Just for example, information that you cannot find on YouTube, through SOMA (System Open Market Account), which is the way the FED injected trillions and trillions of dollars into the economy since 2008, has been reducing its participation in the Stock, which is why it reduced part of the liquidity, less liquidity, capital rotation, stock prices fall.

Participants of the last meeting of the committee responsible for SOMA (which impacts as much as the FOMC)