The DJI, S&P500, Australia200 and the DAX all went wild today.
No predictions in here. This is just the big picture of the daily time frame.
I have to say that I am totally surprised by the DJI pump north. This markets is highly overvalued something like 17-19 times that of fair value for stocks comprising it. I won't go on much longer about that, we've seen markets go wild before e.g. dotcom bubble.
Theory of curves and rising wedges failed here. These things do no rule markets.
The FED has given the implicit guarantee, and the big boys took the markets well north.
There's QE4 and soon QE5 coming up. So north is now the greater probability. I'm out because this is a highly unstable situation. Oh - but it's not QE because the FED says so - riggggghhtt! LOL.
The POP is coming - and everybody wants to know when. Look, it's like bad weather. You can see the storm clouds gathering but you just don't know when the heavens will open on you with a downpour.