One sure thing i have gleaned from this wicked world is that Government are the most dishonest and lying entity on the planet and the masses are always deceived initially. Now the markets - Looks like a possible minor Wave C bounce has started, although this could fade...whatever the outcome, a major Wave C down will come when this bounce exhausts itself. So...
My simple analysis shows weakness in the bounce. Uptrend is broken and selling should resume, longs need ultra caution. The package or gift from the Cabal is not enough to shift the mood. Gold and silver are your haven...God will show his hand soon.
Wave 3 down looks complete. Wave 4 up has likely started as the severe panic move peters out. This wave 4 up could be violent as shorts cover....then wave 5 down which can go to new lows but only mild. Over the cliff is coming down the track for sure....but not quite yet.
Markets are not interested or responding to pea shooter injections and are in danger of an off the cliff event to produce blood. Only then will the Cabal come in with both hands...how far it drops is impossible to say. US dollar has much further upside potential....world bailouts and QE will run into hundreds of trillions and perhaps quadrillions. The effect of...
A clear five waves down are in place. Selling has found support at channel trend line....potential bottom action. Shorts should be cautious!
Gold holding despite the ramp and short cover of the markets.
Gold on the 4hr is off support and holding....wave 3 up is coming.
Possible bottom on the futures at 2924...taken long side at 2935.
Daily shows downtrend line broken today......gold is also breaking out....confirm with volume.