Courtesy for this opportunity goes to @FOXofLA and I immediately noticed the agreement with my US30 intermarket correlation chart.
The market is still very undecided and causing sideways movement most of the time with sudden strong momentum when one of the leading competing parties is not paying attention. It is therefore also. and including worldwide CB stimulus, that bullish sentiment still exist and imho capable of reaching 30k.
I wouldn't even be surprised if for a moment it looks like it is breaking through the trendline as well. Somewhere June/July or maybe August the awareness of worldwide failed monetair policies kicks off capitulation of world's most popular stock market.
Big Short II?
The market is still very undecided and causing sideways movement most of the time with sudden strong momentum when one of the leading competing parties is not paying attention. It is therefore also. and including worldwide CB stimulus, that bullish sentiment still exist and imho capable of reaching 30k.
I wouldn't even be surprised if for a moment it looks like it is breaking through the trendline as well. Somewhere June/July or maybe August the awareness of worldwide failed monetair policies kicks off capitulation of world's most popular stock market.
Big Short II?
Trade active:
Expecting lig leg up on stock markets in agreement with UJ Seasonality inter market correlations
Trade active:
Working on another big green candle it seems. All according plan..
Comment:
Updated DXY, Stocks, Oil, Bonds & Gold - Don't think we should sell our equities just of yet.. But we are getting very close!
Comment:
Predict US30 channel exit to be invalid and function as catalyst for the nearby capitulation. Short term equities traders may underestimate the covid aftermath. Airlines are hit hard. Emirates reported 88% down from last year. British finance minister said last year that the real unemployment numbers will come this year.
