If I expand this out, zooming in, we could see many more correlations that are similar, but I think one glance makes my point. This SPY party is over. Not sure of exact timing, obviously, who is, but I'd like to hear the folly that would come from someone disputing this chart, and where we are headed, other than down with the SPY and equities in general. i.e. note the abcd pattern in DXY on its way up toward its decline of 2008, which is exactly what happened this time. Kicking myself for not seeing that (and this) earlier. It would take currency manipulation oif such magnitudes and actions never before seen to keep this from its obvious moves ahead. But what country or commission, or financial group will step up here and save the markets this time, with some form of stimulus no one has heard of before? Did I just see China bailing our Russia? Instead of the US govt bailing out their banks, what world wide bank (or group of the ultra wealthy) will bail out the world? The problem is not believing in this pattern playing out, its how (what vehicles) to play it, to gain the maximum profit. Suggestions anyone? If there was a tradingview ULTRA SHORT tab I would click it here. We have stretched this rubber band so tight, so out there, artificially, how can any economy be expected to ultimately sustain these equity markets. After all these buy backs, what is next?
