Protracted overextension ensures significant equity sell off is
guaranteed & it’s getting close.
Reminder: EURUSD bears will be happy as USDX strength is returning &
will become evident once SPX rolls over.
AUDJPY bearish daily chart strengthens and further downside expected.
Daily H&S confirmed.
SPX weekly shows two rising wedges & green megaphone with risk of
waterfall sell off [see Wile E. Coyote charts below]
When DOW / SP500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD, SILVER,
Base metals like COPPER etc, CRUDE OIL”