The advance is failing and a sell-off is imminent. This time the Treasuries will go down together with stocks, so this will be a sell-off like no other in the last 40 years. Structurally everything is ready in both.
DXY is in a very strong uptrend, but nobody sees it that way. Everybody is convinced that the dollar is too strong and from here on it will only go down. Yet, there is one very big upward move still left in DXY, and I think it will occur in parallel with the rest of market action as a result of everybody running from everything into the Dollar.
Targets: I think SPX will try to approach 1000, TLT below 100, EUR still on target to get below 0.9. Gold should fall below 1046, which looks insane.
DXY is in a very strong uptrend, but nobody sees it that way. Everybody is convinced that the dollar is too strong and from here on it will only go down. Yet, there is one very big upward move still left in DXY, and I think it will occur in parallel with the rest of market action as a result of everybody running from everything into the Dollar.
Targets: I think SPX will try to approach 1000, TLT below 100, EUR still on target to get below 0.9. Gold should fall below 1046, which looks insane.
