As a follow-up to my posted-in-the-wee-hours An Unwelcome Saucer, it seems that we have a failed bullish breakout on our hands. Keep in mind, these are short term moves, but at the moment it seems to me the bulls are getting precisely the dose of what we bears were getting a couple of weeks ago – – – that is to say, a through-the-night tease, follow by disappointment when the sun rose.
Of course, these wiggles and waggles are just a bunch of noise. The real action is what happens tomorrow morning after the hypocritical, lying, billionaire-worshipping, sleazy traitorous scumbag Jerome Hayden Powell does his little speech.