UK is a warning signal for everyone. This is what happens when central banks attempt to pivot in the current inflationary environment. The Global Lehman event accelerated after the September U.S. CPI, but was paused by BOE temporary intervention. Next U.S. CPI follows the end of BOE intervention. A Lehman crash now equals approx -60% in GDOW/SPX. The softer...
Bears and Bulls await for the "Great Reset" (or as the Fed might state: "financial accident") that will lead to the Fed Pivot. The question is where (and when) will the pivot occur? "Watch your step while peering into the abyss. The cliff edge is crumbling faster and is closer than we realize..."
GDOW Global Dow (USD) Step Up The Dow Global has made a similar pattern to the Dow itself with a double bottom at 2970, the second bottom picking up the longer term parallel. Since then it's got itself trapped within the same triangle formation we see on the Dow, still using the lower parallel as ultimate support on down-side tests.Whilst it continues to do so...
Global Dow: GDOW Limit Down Across the World The pattern here is similar to GOOG (without the double tops) and shows how all major market indices have fallen under the spell of the high-tech mantra. What's good for Google is good for the world, well, world markets anyway. Critical support for this index lies at 2967. The low so far is 2276 today. Come what...
Ratio between SPY and FXI approaching first demand zone, after the rejection at 1,618 fib, backed by negative momentum divergence. Value area between MA10/MA30 maybe help a possible bounce to 5,44 in the ratio. Pays to be short SPY and long FXI. Cheers Panos