ETH didn’t make the 2.618 so MIGHT (idk) be seeing a bounce back there before continuing up...or down. The sure bet is we’re gonna see a lotta chop either way.
So since inflation still transitory Fed not raising rates today. Knows it should. So just pacify the Useful Idiot Debt Slaves w a rumor to do it in 2y. Don’t bet against the Fed. Bet on their lies. Ride their massive IH&S bounce as we get wise to their BS. At some point they have to continue to buy tfoo everything - or let us do it. Be wise as Serpents & Innocent...
Printed an almost dead-on Wyckoff theory pattern that may not have completed & low volume back up doesn’t help. May triangle / ascending wedge from here to 42-46k…& then down? Looks like a group of a few very large whales teaming up against each other. Gotta have some large volume to push past 46k. Bigtime Long/Short wars incoming.
Wyckoff Distribution is complicated to me but there’s no denying how much the pattern matches this market. From what I can discern we currently MAY be somewhere in the 4th wave that reverses @ 200ma. IF it does that it will probably take a triangle or wedge pattern & down.
Bonds & T-Bills MUST have a rate increase to survive.
Fed raises rates the markets WILL correct.
Markets correct PM’s Spot will follow...for MAYBE an hour?
ONLY way to avoid a rate increase is more fugazi fiat fantasy fun coupons...& that WILL mean (hyper?)inflation.
Very limited choices of where to store Physical wealth outside of the Racketeering Mobster Ponzi...