The levels discussed in the videos and highlighted in the chart posted this morning broke to the downside. The bears awoke hungry today and had a helping of bull meat for breakfast and lunch.
Will discuss further in tonight’s video update.
S&P 500 E-Mini
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Indeed. Markets down, 30 yr bonds up and dollar up. Things seem to be lining up.
From one who buys currencies in the 7 figure range.
The dollar strength has disconnected from the market since Dec.4th.
It is the first major disconnect in a very long time.
What is not proven yet, has the dollars weakness disconnected?
I “think” not.
IF, the dollar sees weakness, it could propel the markets upwards.
The EUR/USD has not been this oversold since 4/19/09.
RE: markets down and markets up.
Just another technical cycle until earnings season in another month, or a short term scare happens in the meantime.
Cheers.
I’m full up from all the bear steak i’ve had over the last 9 months any way. HAHA