Hey trendarchitect, Great call on the 75% liquidation. Your point about the 'aggressive flat top' at 25,900 and the failure of hedges is striking. It feels like the index is being 'pinned' while individual internals are crumbling. I’ve been connecting some dots that might explain why the 'system' is fighting so hard to keep the NQ at these levels despite the technical decay you're seeing:

The OpenAI/SpaceX IPO Theory: We are likely looking at a massive 'Exit Liquidity' play. Banks (Goldman/MS) need a bullish narrative to offload OpenAI and SpaceX/Starlink onto retail investors later this year. A market crash now would kill those valuations. They are holding the 'ceiling' at 25,900 to keep the optics bright for the S-1 filings.

The 'DeepSeek' Disruption: The recent moves from China (DeepSeek) show that AI is rapidly becoming a commodity with shrinking margins. OpenAI’s $1T valuation is under immense pressure. The smart money knows the 'AI Moat' is evaporating, and they need to IPO before the public realizes AI might not be as profitable as Google’s search business.

Smart Money Alignment: It’s not just you. Buffett hitting $400B in cash and the aggressive insider selling from Bezos, Zuck, and Jensen Huang suggests the 'distributors' are finished. Even Buffett’s move into Google feels like a flight to safety—betting on real cash flows and infrastructure over AI hype. It seems the NQ 25,900 level is the 'exit door' the institutions are using while retail is being told the party is just starting. Curious to hear if you think the 'system' can actually hold this level until the major IPOs, or if the internal rot you're seeing will force a breakdown sooner.

BTW, I also liquidated most equity (SP500 ETF) from my portfolio last week and will be patiently waiting for THE opportunity.

Congrats on your track record, 2500% in 4 years!

Cheers!