Yesterday was ridiculous. Just ridiculous. That clown Rubenstein and his buddy Jerome Powell did nothing but conspire to make things seem peachy, hunky-dory, and okey-dokie. And it worked. The market vomited all the way up to its Fibonacci (red circle). And what did the circle jerk ultimately accomplish? NOTHING. Nothing, that is, but the very brief satisfaction of a the pathetic, whimpering, molly-coddled bulls.
Looking at the NQ (as opposed to the ES above) we have to go back a few more days to see the Fib tagged. Yesterday’s lunge wasn’t enough to cut the mustard.
Powell is a master at what he does, because on the surface he seems to be the charming, avuncular, and harmless fella next door. Yet what he’s doing is atrociously evil, and deep in his blackened heart he probably knows it.
He just doesn’t care.
