Don’t ask me why……..you already know why.
Fact of the matter is the big boys already sold all their long USD positions to “you” over the past 6 months. ( The move higher on bogus economic news – taking 6 full months to unwind and pass the bag to retail bagholders buying the hype. )
Equities? Common…….topped “months ago” and have been in “distribution phase” ever since.
Look out as this continued sideways action ( looking at the entire year of 2015 ) may have just shown its hand.
I’m long JPY against everything…..I’m short USD vs the Eur currencies…and I’m looking for waterfalls.