We have not reached the top yet. The S&P will rise due to unprecedented liquidity and serious retail FOMO will kick in for a parabolic rise to SPY 400 (S&P 4000) by labor day 2020. This is the end of a 30+ year secular bull market. Once the fed signals slowing of quantitative easing due to rising S&P and economy showing signs of recovery, the bust will reach its...
I spy with my little eyes Tether printing 1.5 B, yes BILLION USDT out of thin air. Not only are the central banks printing unlimited FIAT to keep the economy afloat, we too are seeing USDT just being minted out of thin air in the Crypto universe. Now supposedly this is backed by 1.5B in Fiat US dollars but after seeing how shady Tether has been in the past, I...
Well here is what I see. If we have a good 10 more days of feds pumping money into the market we are going to have a LOT of selling pressure if we get beyond 100. 98 no longer held as resistance so we have been pushing our way to 100. I will be looking for a corrective structure and resistance under the dashed line before shorting the dollar. current direction :...