Just adding SPY to previous chart. These 3 relate big time, so with currency manipulation the ruling factor, which way does USDJPY head? Can BOJ weaken Yen even further? Can ECB weaken Euro? King Dollar folks say Dollar goes higher, much higher, but.... I say no, and the golden triangle happens. As always IMO. BTW, The little red triangle should have happened, but did not, and the SPY megaphone pattern should have happened and did not. I really, really do not trust this last move up in the markets. Note the EURUSD pair chart down, but both MACD and RSI say up. This "price action" is all FORCED on many of my charts, and they may yet have their way temp, with however they are doing it, but without fundamental support it cannot sustain. Down day yesterday, did well with VXX, took really nice profits (hope you did), took small TZA, and see if this plays out, adding more if we confirm next couple trading days, a down January. Holding CAT puts still, its my indicator of all this. Lower oil is good, but too low is not, and if Opec is serious to crush all the wanna bees and competitors, this global commodities war, mining shutting down for oil, gold, metals, watching CLIFFS too, may come center stage, can you say , deflation is disinflation takes a seat at the table, without being invited?
