Outside of the “Plunge Protection Team” [PPT] yesterday to make sure you
understand that nothing means anything anymore, and that the only thing that
counts is “The Bubble” and its continued expansion … central bankers are a
scourge & a plague upon humanity, making shit up as they go along and
changing the rules when it suits them and their Elitist buds … and within
24 hours, 3 out of 4 major central banks in the world show how “upside down”
& convoluted the financial world has become, now that it’s run like a casino.
Forget what they say, simply watch the flow of money and visualize who’s doing
what … cuz all that matters is fading & front running specs off order flow
… everything else is bullshit for the masses.
Today’s EURUSD market seeing mini melt up buying, and then mini meltdown
selling, and we’re right back to where we were at the Asian close … but lest I
forget, a whole lot of traders getting stuck on both sides of the central banker
yo-yo and nothing has really changed … trying to decipher ECB horseshit is for
people who are insane.
Post the ECB clusterfark, it’s straight up the ladder to new highs for the day,
extending the day’s range well past the 20 Day Range MA by about 10% - 15%,
and then when all the longs looked around to see who could buy their longs, all
they saw was bank selling … cue the rolling down the hill with ZILCH rallies, right
back to where everything started around the 1.13000 - 1.13100 level … and then
the “London Fix” hits, and the market dies within minutes … literally … dead as a
bump on a log.
Maybe now things can return to normal and the “hurry up & wait” bullshit we get
treated to on too many occasions can cease … “I can dream can’t I?” … so, they
all are looking to tighten, right? … I’ll believe it when I see it, especially the FED,
cuz to tighten anything past total meaningless basis points means the federal
deficit balloons into hundreds of trillions, and the entire budget of the worthless &
useless government of the “U.S. of China” gets to go towards paying interest on
borrowed money AND NOTHING ELSE … oh yes, good times they are a coming!
… so put me in the camp of calling out the FED & other central bank propaganda
… it’s all smoke & mirrors, and they’ll find reasons not to tighten at the
appropriate time, all in the name of continuing the Ponzi scheme bubble they’ve
created … that is, until the math puts its foot down and ends this charade.
Post ECB, only 1 algorithm buy signal in EURUSD … TURNKEY PAMM UP
SLIGHTLY … and you can thank straight up followed by straight down to the
London Fix, at which point trading activity fell off a cliff.
Over in crypto, who put the valium in the ETH water? … range today a full 60%+
UNDER the 20 Day Range MA, and the trading action is lethargic [I’m being kind,
it sucks] … no trades today in crypto cuz there isn’t any trading action.]
Onto tomorrow … outta here … “The future’s so bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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