► Market Analysis ►

WARNING: substantial EURUSD support detected: this is stock bullish.

USDX selling / EURUSD buying which supports stocks & causes more squeeze - ensures the inevitable sell off will be worse.
 
CAUTION BEARS,
More USD selling / EURUSD & SPX buying detected.
This supports stocks and causes short covering rallies.
 
This looks like the SPX Election Rally – but without the pullback I wanted beforehand.
Therefore the postponed correction when it happens, will be WORSE.
 
MARKET DISLOCATION & fluctuating consensus gets worse as stockbears return.
What a mess!
Bring on the overdue Wile E. Coyote sell off please.
 
Has taken longer than expected but SPX daily chart bearish topping process strengthens further today. Bring on the very overdue Wile E. Coyote sell off.

GOLD daily chart bearish megaphone wedge still indicates big move ahead.
 
Despite recurring bullish spikes - SPX bearish daily chart toppping process continues with risk of equity sell off.
 
SPX etc protracted topping process now results in choppy downtrend on daily chart developing.
Risk of Wile E. Coyote equity/commodity/precious metals sell off continues.
 
Bearish GOLD & SILVER daily charts have not participated in recent SPX / EURUSD rally.
CRUDE OIL hasn’t either.
This divergence is a warning for equities.
 
As mentioned Oct 15 on blog - days before premature earnings release sell off - GOOGLE daily / weekly / monthly charts are overextended & significant correction expected.
 
Despite recurring short squeezes, SPX etc daily charts continue to break down.
DOW 8 hour chart shows possible H+S (bearish pattern)
 
Conflicted equity / USD / EURUSD markets and lack of consensus gets worse and worse.
Consensus will only return with the overdue Wile E. Coyote equity sell off and USD rally.


USDJPY bullish daily, weekly & monthly charts warn of substantial rally ahead.
 
GDP numbers suddenly caused market to reverse... so the SPX short squeeze Election Rally is back along with substantial USD selling.
 
Last edited by a moderator:
Despite recurring short squeezes – which artificially propels the market higher and causes further instability – these daily charts continue to break down :
SPX / CRUDE / COPPER / GOLD / SILVER / EURUSD
 
Top