Filling in the Blanks plus afternoon update
Today is a good bounce day, it adds one more day to the moving averages, which will make it probable that the next down move will decisively burst the Asset bubble. Today’s up-move in the dollar will add to that probability. Our short positions put on last Thursday are showing signs of being on target.
Some factors in the big picture are evolving this afternoon, all three of the hot markets, the FANGS, Nasdaq 100, and S&P 500, when you divide the price by the value of the dollar, you see the 50 day averages turning down, a potentially ominous sign, unless the crowd rescues them.
So far with 54 minutes of trading left in the day, this is turning into a real goal line stand, at the moment Nasdaq 100 is rolling over, Fang and S&P 500 are holding the line.