From the Department of Deja Vu, I give you this.
As I look at this in my old age, I say, “Haven’t I seen this somewhere before?”
So the cucaracha has come out of the many cracks in the market over the past 5 days, leaving his dark and dirty lair to scurry up the wall of the street.
It’s not pretty. The base breakout measures to 4625. The 5 day cycle projection looks only 4600 at this point, but if this gain holds or increases before NY opens, then 4625 would be in play. And obviously, if it breaks 4595, that would be an even bigger high base with a measured move objective of around 4740.
But there may be hope, bear shitters! The buttcoin line (purple) is now negatively diverging, and the stock market has had a tendency to be the buttcoin a day or two later. So let’s hang on to what we got, don’t let go girl, we got a lot.
Big pic- Raggedy Market Has Ambitions
Meanwhile, the 10 year yield broke out of a 7 month uptrend channel yesterday, and now it’s trying to come back within it. If it closes below that upper line, that 1.97 print could be the peak for a while, but if this holds, then we’re looking at 2.01. If that’s cleared, hoo boy. Abandon hope, all ye mofos who enter here.
Big Pic- Don’t Be Fooled, The Economy is Still Growing And Still Bearish
And now, we ask of the Golden Goose, “Are you ready to lay eggs?”
The big pic – Waiting for Gold Oh
And now, I ask of you, oh Great and Wonderful Grand Viziers of le Currencies, is it time for me to sell all my US doodahs, and buy Geuros?
And now, The Rest of the Story-
Don’t Be Fooled, The Economy is Still Growing And Still Bearish
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