Presenting without major comments... To regain competitively that was lost against Japan due to QQEx JPY devaluation, China would need to devalue to at least 7.80-8.20.
It's starting to get exponential. This means more expensive for PBOC to fight against capital outflow. Expecting: - 0.1% NIRP by BOJ will not have an effect on JPY appreciation due to China capital outflows. 6.90 means about 10% and market expects a depreciation in the range of 20%. - further depreciation steps of PBOC likely after unexpected action by BOJ It is...
The slow and steady increase of Gold in a narrow RSI Channel and congruent Stochastics over all time ranges is "some bit" of striking. A Cup and Handle formation was formed with a target of 1175. Reaching this target would mean: - breaking the 200 day mov. av. - breaking the falling wedge - breaking a long term resistance An Elliot Impulse wave seems to be on the...
presenting without comments... no clear buy signal and no clear sell signal.
Recent 25 day periodicity suggests Crude decline till 20 $ range within the next few weeks. Williams %R shows a clear SELL signal. Without a bounce back towards 0 last weeks 10% correction was just a dead cat bounce...
presenting without comments...
Continue short on S&P 500 . Williams %R indicates that we almost reached correction maximum. 1 Week movement in the 1910-1930 region likely before next downturn begins. Next target in the 1700 region.
Various people already noticed the megaphone structure in SPX and the 7 1/2 Years (90bars) periodicity... Extrapolating these two points is a bit frightening since next low is supposed to be 600. In 2030 (YEP!) the SPX is supposed to bounce back from 2900 being the 2.618 extension of the 2000 top 2009 low and the 1.618 extension of the 2015 high and 2016 low... I...
A long term double rising channel suggests that we've seen this cycles low of JPYUSY. Primary USDJPY target is 95
Although voices predict a "intermediate" correction, the still existing difference between IQX and SPX performance indicates that no intermediate term correction will occur. In addition we have a 200 points correction under low Volume and a slow and stepwise increase of VIX (like in 2008). Without a VIX "panic" till 45-50 selloff, a bottom is not likely.
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Glencore 2021 bond just below Aug lows!!! GLN CDS skyrocketing. IG rating not justifiable any more. Either delisting from markets or default.
One traditional crisis indicator is the gold/crude ratio that spikes at or before market corrections. The size of the current spike suggests a correction of at least the size of the 2008/9 crisis....
Still in the 2000 Top Fibo game.... On break of the 2000/2008 Top Support, a further correction to 6000 region likely.
Keeping Nikkei Target at 16000 but correction to 18100 this week certain