Well again sideways like we hast past 2 weeks, how fun right ??? Everything is pointing and warming up to the elections and that should start tomorrow the 3th november. I think markets going to crash after this or maybe by tomorrow. Theere is a big negative divergence in the summation indexes still and they are still on SELL signal. The QQQQ is very close to make a big breakdown as you can see on the charts, and the financials are about to break down and crash. I still believe that a major major crash will come and it will be fast. There is no mercy to the bulls and if the bulls want another little push up on the news I think there is a possibility that they can have it, but it will fade like it did yesterday... up 1% in morning and closed near red..
The US dollar is warming up and no one is bullish the dollar - I still love it and think the dollar will rally big time against other currencies.
Take a look at the VIX chart and see this is breaking out of the big falling wedge , but markets not following. There is some serious manipulation - VIX has been up for the last days in a row - but markets is holding up. Fear is comming into markets again before the elections.
My favourite indicator the summation index is accelerating to the downside now and is STILL on a SELL signal - so no reason to get bullish right now and with markets this high.
But look where we are right now in the markets - I think this is a major major top we wont see over the next 50 years probably or in my lifetime. I think markets is about to have a major big move down - also over the longer run. I think if you are shorting markets here you are going to be wealthy - cause remember, one of the great setups for a market crash is when the markets is not moving by fundamentals as they had last months....and when we come back to reality - see you at the bottom. (Target is still 944 area at least)
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