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$NDX $QQQ

First bearish structure setup within this recent wave has been extended after breaking thx to more intervention by Gov't promising more crack for all.

I am not one to complain about such things when I know they are warranted. Looking at an 11-month comparison, you don't need to be well versed in economics to understand that the actions taken are not helping the economy but rather causing a distortion of Asset Prices.

Nov 2019:
US GDP: $21.5T
US Stock market cap:$31.5T or 146.5%/GDP

Dec 2018:
US GDP: $20.9T
US Stock market cap:$25.5T or 122%/GDP

US markets have added $6 trillion in market valuation in 2019 YTD on NO earnings growth! Now please think about that for a moment and I am sure it will make sense why the stock markets are not behaving properly given the economic environment we are in.

If we breakout here, we will have entered Euphoria Bubblishes territory that usually leads to a rapid price appreciation as all shorts have been slaughtered, everyone becomes a buyer, and Gov't keeps feeding the beast crack cocaine.

So I stand by my last call to GET READY either way. Correction or Euphoria! But I will stick to the rules of charting and wait for a correction until the breakout from the recent rising channel breaks to the upside.