Island Reversal is putting up a strong signal for a reversal down.
The Bear case I outlined last week seems to be the direction the market is heading.
Jerome Powell was very hawkish on Friday even going as far to tell investors there will be blood.
With good reason, Fed owns a couple trillion in MBS and planning to dump it on the market.
The Hedge funds are surely prepared for the possibility of a second leg down?
Bitcoin is helpless to assist as its in a noose of its own.
And the bond yields continue to climb, the dangling carrot of higher interest for longer may deepen the inversion.
TBH, I have no idea what's in store next week.
Just be careful not to hang yourself. The swings could get wild.
Not Trading Advice. Just Dreaming and Meme'n
The Bear case I outlined last week seems to be the direction the market is heading.
Jerome Powell was very hawkish on Friday even going as far to tell investors there will be blood.
With good reason, Fed owns a couple trillion in MBS and planning to dump it on the market.
The Hedge funds are surely prepared for the possibility of a second leg down?
Bitcoin is helpless to assist as its in a noose of its own.
And the bond yields continue to climb, the dangling carrot of higher interest for longer may deepen the inversion.
TBH, I have no idea what's in store next week.
Just be careful not to hang yourself. The swings could get wild.
Not Trading Advice. Just Dreaming and Meme'n
