We have had a few recent times where it looked like it would be the turn, only to have markets quickly reverse and delay the inevitable. Based on the trading action of numerous indices and vehicles, this is looking like a real possible turning point.

The general stock market is rolling over.(for how long?) At the same time precious metals look like they still want to go higher with some positive correlation by the mining stocks, that are on the verge of breaking sharply higher.

At the same time while Bitcoin continues to resist tanking(so far), it stopped making any upside progress for a month since it’s double top. To complete the whole schebang, Saylor once again went to the well this morning announcing yet again, another financing by the rebranded Strategy (MSTR) issuing $2 billion in zero coupon convertible bonds to buy more Bitcoin.

He has been single handidly holding Bitcoin up, but while I thought the 9% convertible preferred was the last one he could pull off, this has an even better chance of failing since there is no dividend or interest payment to dangle in front of the suckers to entice them to throw good money after bad.

The crypto people can keep thinking Bitcoin might be going higher, but (MSTR) is deeply underwater since it’s Nov. high at $550. Priced around twice the value of it’s Bitcoin holdings, it has nowhere to go, but down.

If these trends continue for the remainig 4 hours of today’s session and accelerate tomorrow, a historic trend change for most markets and assets, will likely have taken place.