There is divergence everywhere……the down move has been historical.
It’s getting close to “bounce time”.
I assume we make a short term bottom here in coming days….then bounce thru April. This could very well be an “epic” bounce – but please keep in mind – a bounce all the same.
I’m closing shorts, and keeping a very close eye on The U.S Dollar as we now know the Fed will begin formal QE operations once again ( hmmm…….I remember saying something about that months ago )
You know what that means right? Printing more confetti = US Dollar Down. Stocks will bounce and USD will fall. Thursday’ish?
This trade is setting up 100% totally classic Kong.
We bounce before the “real downturn” begins.