Well, the 1160 Triangle breakdown measurement held like a charm and despite all the hysteria, bulls never had to get all white knuckled down to the ultra critical 1120 area. The only update to this chart is the red resistance zone added at around 1220. 1220 to 1240 looks like a good area to be bearish the broad market, depending on what the desperate price fixers do in the macro.
For now, as NFTRH163's new 'Current Outlook' table noted "the frightened herds are flocking" to the USD and to "the 'safety' of US T bonds, the DEBT of the great inflator. The deflationary side of the boat is full of huddled masses" and "only brave contrarians dare step to the risk asset side".
If this rally follows a classic course, the huddled masses will come back and chase Santa. You have got to love the markets.
http://www.biiwii.blogspot.com
http://www.biiwii.com
For now, as NFTRH163's new 'Current Outlook' table noted "the frightened herds are flocking" to the USD and to "the 'safety' of US T bonds, the DEBT of the great inflator. The deflationary side of the boat is full of huddled masses" and "only brave contrarians dare step to the risk asset side".
If this rally follows a classic course, the huddled masses will come back and chase Santa. You have got to love the markets.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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