Bears had another rewarding week as markets reacted to the Fed's decision.
At least six months behind the inflation curve, the Fed decided to sacrifice the economy by raising rates and deflating markets for their goal of reducing demand by evaporating wealth.
Supply must increase to reduce inflation - "Just transitory" said Yellen last year...here we are in the throes of 40 year plus highs in cost of living...pure delusion and a deliberate deceiver.
Give me a credible reason to buy this market?....what compels anyone to believe the worst is over.
Rising rates, tightening money supply, bubble markets in stocks and property.....food and energy prices soaring.
Our channel trend line has been breached, this indicates higher probability that wave 3 down of higher degree has started and minor wave 2 has topped out. If not, then a minor rally will fizzle out this week and followed by a larger drop than recent.
Whether the market stages a minor rally or not this week...the stage is set for a tumultuous period of decline that will shake markets into panic.
26-27K may hold on this next wave of selling as long term investors begin unwinding.
Gold has been steady throughout this bear market despite rising rates...when the Fed reverses their act later this year...watch for a wealth transfer to precious metals.
Appreciate a thumbs up..Good Trading!
At least six months behind the inflation curve, the Fed decided to sacrifice the economy by raising rates and deflating markets for their goal of reducing demand by evaporating wealth.
Supply must increase to reduce inflation - "Just transitory" said Yellen last year...here we are in the throes of 40 year plus highs in cost of living...pure delusion and a deliberate deceiver.
Give me a credible reason to buy this market?....what compels anyone to believe the worst is over.
Rising rates, tightening money supply, bubble markets in stocks and property.....food and energy prices soaring.
Our channel trend line has been breached, this indicates higher probability that wave 3 down of higher degree has started and minor wave 2 has topped out. If not, then a minor rally will fizzle out this week and followed by a larger drop than recent.
Whether the market stages a minor rally or not this week...the stage is set for a tumultuous period of decline that will shake markets into panic.
26-27K may hold on this next wave of selling as long term investors begin unwinding.
Gold has been steady throughout this bear market despite rising rates...when the Fed reverses their act later this year...watch for a wealth transfer to precious metals.
Appreciate a thumbs up..Good Trading!