But why? Don’t know. Don’t care. The Wall Street Illuminati are blaming the TSLA price cuts. We knew inflation was dead back in November. By the time the Fed wakes up to outright deflation it will be too late.
So today, if that’s the Raison du Jour, so be it.
We’ve had a hard break in the trend and the 5 day cycle oscillators, but there are sport lines at 3748 and 3741. Take those out and bears are in bidness. At least to 3919. 
Meanwhile central bank balance sheets are crashing. Only a matter of time until the markets follow suit. I will update the liquidity outlook later today or if I don’t finish, then Saturday AM. Don’t miss out! Subscribe here.
For moron the markets, see:
- Gold in Them Thar Hills, January 11, 2023
- Swing Trade Screen Picks – Low Conviction January 9, 2023
- You Think That Was The Bottom? Think Again January 8, 2023
- Withholding Taxes Are Soaring January 6, 2023
- Gold Has Begun a Cyclical Bull Market January 4, 2023
- Here’s Where Short Term Signals Either Confirm Bullish Or Else January 2, 2023
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
- May Gold Be Merciful Unto Us, Amen December 19, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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