$US500 S&P500 is about to backtest the "old" channelThe S&P500 broke back into its price channel that startet on 30th october 2020
and is about to backtest that old demand line, if it is support again.
If market bounces off of it, we might be up for a wild rallye to the upper end of the channel.
If we fall below it, watch the 4.550 level for support.
Hyperbullish
$AMD Advanced Micro Devices RUNS off the META News!$AMD in full bull mode off those METAverse news!
Can it continue?
Long Crypto, Gold, Silver - Short FiatFED has begun a cycle of rate cuts although they don't want us catching that idea. Trump is downright determined to get the FFR back to 0% as quickly as possible, going so far as to demand the FED to cut rates 100bps at yesterday's meeting. Powell made clear that the FED doesn't want to turn this into a "trend of rate cuts" but that they would take appropriate action if trade tensions and global growth continued to weigh on the economy.
In a nice, slappy way, Trump delivered the tariff bomb today. FFR futures, which priced another 25bp cut in September at around 50% probability following yesterday's FOMC, shot up to an 84% probability following Trump's announcement. It is clear what the long plan is here: lower rates, weaken the dollar, increase outstanding debt. AKA further the dependence on an exponentially increasing supply of dollars and place spikes on the landing pad of a recession. We are headed toward a global negative interest rate environment - worked for Japan didn't it?!
This is setup is bigly huge for assets holding the qualities of money to be revalued.
In fact, it is inevitable. Timeline? My money - I mean currency - is on a few years, but ultimately it comes down to when the powers that be want to kick the fiat currency system into a hyperinflationary grave. You be the judge.
LONG TERM HYPERBULLISH.
