The markets have made it clear that they wish to behave just like bitcoin currency trading…they wish to trade straight into risk with eyes close, ears blocked and elbows locked…no divergence or retest will be required…Small Caps still lagged as usual today, VIX is not celebrating and did not make a new low and treasuries are not pulling back commensurate to equities. Moreover, AMZN, PCLN, AAPL, GOOG and a host of others played not roll in this charade today…We are now dead nut at the resistance from my earlier posts...
Expanding Broadening Triangles also a
SIGNIFICANT CYCLE HIGH Timing projects for Thursday.
Distrust of Central Bankers is directly responsible for the problems in Europe, the huge need for people to find alternate transactable currencies like bit coin and then rally them aggressively
(though volatile bit coin will likely go higher yet for this reason) and for diabolical economic and earnings reports being simply a noisy sideline and distraction.
2:00 am: BOJ engineered gap?
11:30 pm: JGB saga continues...
