🌊 K-index receipt
🩸 K-index flashed capitulation (K<1) → SMH +49% avg over the next 60 days across every sub-1 print in the last 5 years (100% of them positive (n = see ledger)). Same window, QQQ ≈ +17%.
K = CNN Fear & Greed ÷ VIX · normally >2 · sub-1 = extreme panic · backtest, not a promise · sample is small — see caveat ↓