It's been a great week down in Miami visiting family.
We had our first child in the middle of covid, and then had twins 2 years ago. So traveling hasn't exactly been at the top of the priority list, like it used to be for us before kids.
In fact, this is actually the first time I've come back home to Miami with my entire family, including all 3 kids.
It's been awesome.
Sunday night I got to sneak out after the kids went to bed and met Steve Strazza for sushi at a new spot on Brickell.
I've also hung out with old high school buddies and cousins. I don't get to do these things as much as I used to back in the day.
This morning I wanted to pass along two charts that I think all investors need to keep front and center right now.
These charts, in my opinion, literally define this bull market, and whether or not it's over, like we all keep being told it is.
We call this behavior: "Polarity".
It's when former resistance turns into support. In other words, where there were more sellers than buyers (at the prior cycle's peak), there are now (so far) more buyers that sellers.
You're seeing this polarity play out in real time in both the Dow and the Nasdaq.
Here are the Dow futures bouncing at the exact level where they topped back in early 2022:
And if you look at the Nasdaq, you'll notice literally the exact same phenomenon taking place.
This is supply and demand 101:
If all that former resistance does NOT turn into support, then the bull market is cancelled and this cycle is over.
That's how I see it, anyway. I think it's that simple.
It's not about 20% corrections. That's just a made up number by people who don't actually put money to work in the market.
Whenever you hear someone talking about how 20% = bear market, you know they're either lying to you, or they're just ignorant to how markets actually work.
I would encourage you to go back and see for yourself. 20% means absolutely nothing.
It's all about supply and demand, or "support" and "resistance", as we like to call it.
If this polarity holds, then this bull cycle is still intact.
We have our next LIVE Conference call for Premium Members of ASC coming up and we'll be talking about exactly that.
This polarity brings opportunities to profit from the long side, and that's precisely what we're doing.
Keep these 2 charts on the radar. And notice how the S&P500 futures are doing the same thing.
This is the biggest thing happening in markets right now. Don't ignore it.
