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The euro is getting crushed, now down to $1.12 USD.
The one year cycle projection is 1.095 USD, and that might not be the last word.
Buttcoin doesn’t look too bearish yet. This looks like an intermediate correction in a longer uptrend. Butt, the 6 month cycle projection looks around 50,000. If it gets there, it would break the longer uptrend and set up something that looks like a massive top.
I have hated fixed income since last summer. This chart says that that hatred will again be proven to be an act of love.
But are BTC and the US 10 year yield finally about to part ways. Stay tuned for the next episode of Loves of or Lives, or Lives of our Loves.
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We have a new, wider downtrend channel, with a 5 day cycle projection of 4645 on the ES, S&P fugutures.
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This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.