Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
What will the USD do in this scenario?
I think it rises during the deflationary phase into the spring of 2016 and then the Fed starts another QE phase that puts the dollar into it’s next bear market.
Short term you still think the USD (index) will fall, as you stated on the 30th of March?
Yes I believe we will see a left translated cycle that will make a lower low and a final intermediate bottom sometime around the first week of May or last week of April.
Based on today’s action, the near term correction may have been postponed. Again, there is no reason to be bearish in this market – short or long term.
I mentioned before we are forming a powerful H&S on the SPX that should take us to 2150 this month. We could continue the UPtrend until sep/Oct. But what the hell do I know 😉
Stocks are choppy just like I said they would be. The drop when it comes will likely be a quick spike down in early May as everyone begins to get nervous in front of the next jobs report.