There was a rising wedge last week that broke to the downside.
BUT it has seemed to held support 91.80 and is now sitting above its 200-day SMA at 92.
Now is Decision Time and I see a new Bull market that will lead to asset Deflation
A candle close above the 200-day, to me, confirms a move up. The price levels around 92.50 and 93.00 should fill quickly, moving inevitably to 94.50.
Breaking 94.50 we will probably see the sky (markets) fall. Stocks, Cryptos, and Commodities will drop.
Bond Yields have been dropping since late March making Bonds more valuable. If you wanna see a scary chart look at $TLT.
As Jerome Powell has stated there is not enough collateral (T-Bills/Bonds) shown with the FEDs Reverse Repo market.
Janet Yellen can't issue any more T-Bills as the Debt Ceiling has come back and congress needs to extend it.
The Money Printer (FED Game) Might Be Broken
BUT it has seemed to held support 91.80 and is now sitting above its 200-day SMA at 92.
Now is Decision Time and I see a new Bull market that will lead to asset Deflation
A candle close above the 200-day, to me, confirms a move up. The price levels around 92.50 and 93.00 should fill quickly, moving inevitably to 94.50.
Breaking 94.50 we will probably see the sky (markets) fall. Stocks, Cryptos, and Commodities will drop.
Bond Yields have been dropping since late March making Bonds more valuable. If you wanna see a scary chart look at $TLT.
As Jerome Powell has stated there is not enough collateral (T-Bills/Bonds) shown with the FEDs Reverse Repo market.
Janet Yellen can't issue any more T-Bills as the Debt Ceiling has come back and congress needs to extend it.
The Money Printer (FED Game) Might Be Broken
UUP TLT ZROZ
I like the evidence backing the GameStop short squeeze theory. So GME as well.