Too many remain in the bear market rally camp while stuff like this is popping up everywhere.
Below is a chart of ARKK demonstrating the perfect base in terms of price and volume following an absolute monstrosity of a correction, bordering on a downright blowup.
We have investors remaining bearish into price and volume patterns that look like this. And it's not a small contingent, it's the absolute majority of investors.
It's not just ARKK that looks like this in growth land. There are bottoming patterns that have popped up everywhere, with price following through confirming that we are in one of those special periods that only come around once every couple years.
Think March 2020, when I was shouting from the rafters to go all in on stocks.
Think December 2018, when I was begging investors to buy technology.
These were also spots where nearly everyone got it wrong. Popular wisdom failed. Pseudo-analysts and technicians ran studies and developed correlations that had no relevance to the situation at the time.
This is March 2020. This is December 2018.
The only difference is that we are now in a bull market has matured to the point where each and every successive rally that occurs from spots like this will be orders of magnitude greater than the last.
The Great Unwinding has arrived.
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