USD Equal Weighted Average - Bulls have left the building
Do we see some similarities here?
Third top = lower high.
Trend accelerating downward. Momentum has reversed.
I believe the top is in....
Two scenarios:
1) Some type of a bounce when the long term trend-line is tested. (Probable)
2) Bears show they mean business and the trend-line breaks, forcing bulls to step up and retake support. (Less likely, but not impossible)
If (when) it does break, expect a period of consolidation before an extended move lower. If bears smell blood, it could be the early stages of a long term decline for the $.
Currently Fed is printing to fulfill debt obligations as US Treasuries mature (historical buyers of treasuries are now selling) + They are printing to fulfill current US deficit obligations (Need to keep the lights on) + They are printing to inject liquidity into the system, postponing the day of reckoning for the failed fiat experiment. (No transparency or accountability within the Fed)
Hyperinflation comes like a thief in the night.
Anyone remember when 3$ trillion went missing unaccounted for? Laws were changed to create even less transparency within the Fed.
Third top = lower high.
Trend accelerating downward. Momentum has reversed.
I believe the top is in....
Two scenarios:
1) Some type of a bounce when the long term trend-line is tested. (Probable)
2) Bears show they mean business and the trend-line breaks, forcing bulls to step up and retake support. (Less likely, but not impossible)
If (when) it does break, expect a period of consolidation before an extended move lower. If bears smell blood, it could be the early stages of a long term decline for the $.
Currently Fed is printing to fulfill debt obligations as US Treasuries mature (historical buyers of treasuries are now selling) + They are printing to fulfill current US deficit obligations (Need to keep the lights on) + They are printing to inject liquidity into the system, postponing the day of reckoning for the failed fiat experiment. (No transparency or accountability within the Fed)
Hyperinflation comes like a thief in the night.
Anyone remember when 3$ trillion went missing unaccounted for? Laws were changed to create even less transparency within the Fed.
Commentaire:
Similar view DXY
Commentaire:
Long term view. Note: A failed breakout on one side of a channel is often followed by a move to test the opposite side of the channel.
Long term targets...
Long term targets...