We have already had “Black Monday”, the second horse of the Apocalypse. The third horse is Pale.
The FED has manipulated and manipulated until everyone is amassed on the thinnest ice ever.
The FED’s dark QE manipulation is about to experience the full force of the pennant. The FED has manipulated to such a degree as to fool almost everyone.
The S&P will slam into the bottom rail of the up channel while simultaneously slamming into the top rail of the down channel, AND the pivotal ‘much ballyhooed’ support number of 4330 which is now resistance. All at once and on fake news.
It doesn’t take much explanatory comment beyond the raw facts related to market internals, as Stan Druckenmiller says.
The dollar is going to crack the next level down, 103.9 and then it will get interesting. The FED will announce a half point Dec. 14,22 and the buck will fall, the markets will rise. But it won't last, as the guts of the market are gangrene.
How long can the FED keep juggling Apple to keep the Nasdaq from imploding? Looks like the sand is running out of the hourglass.
Canada housing set up for epic fail, Canada banks told to prepare for greater losses. US to put its economic foot on Canada's throat. There is so much air underneath the TSX...
The EURO is a great litmus to indicate when precious metals are cheap. Now that the EURO has passed through the valley of death, once again GOLD will shine. Check the dates.
The FED is manipulating markets utilizing the USD, but the range for this is narrowing by the day. When the FED runs out of road, it will get messy.
The FED hits the RED button, sinks the USD to juice markets. This will pour gasoline onto the inflation fire. I have been waiting for this, and that it is happening so early in the day, demonstrates the leaky nature of the FED news. The wealthy always get first crack. Note, this chart is a month old. But you can see it is correct in its prediction.
The buck is weakening, looks to fill a descending pennant and then implode