No surprise it could not fall more. The major trend is ..... but... we also have major question marks rising!
- setup and trend is intact.
QUESTION No.1: Will it make a relevant higher high?
- Daily is firm higher at 165,50-165,85. Trend support is around 164,50 (increasing)
QEUSTION No.2: Is it building a major wedge?
- confirmation by both and Heikin-Ashi
For now we just let it fly as high as it can. Heikin-Ashi will show us loss of momentum right in time as it did so many times. Where we have to start focusing is the 167,60-168,10 zone.
Notes: looking at bonds price action globally, do you think the real economies are healthy? ;-)
Also if we have a bond and equity "bubble" same time, what do you think metals will do? :-)
And finally, in fact BONDS are in bubble, equities are just "mispriced". Bonds (debpt) can be printed in unlimited amounts. Meanwhile outstanding amount (face value) of stocks traded globally is decreasing relative to fiat currency boom.
It will be a long way until, but I still think bond markets will collapse sooner than stock markets. And I also think metals will outperform in coming years as relative value compared to both bonds and stocks.