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The Nikkei 225 Line

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Perhaps you’ve read by now that the Bank of Japan has been utterly humiliated (which stings extra-hard in the Japanese save-face-at-all-costs mindset) by the global market which took place thanks to their minuscule 0.15% interest rate bump.

They have solemnly pledged NEVER to raise rates again as long as markets are not “stable” which means………….never. Japan is a financial basket case and will never, ever recover. As my mother used to say, you can put that in the Bible.

Prompted by the cuckold state of Japanese finance ministers, the /NKD has been blasting thousands of points higher the past couple of days, which delights me, since it’s going to be an amazing setup for U.S. equities. I’ve been watching that red line.

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The Badgers Are Angry

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I’m leaving theartofchart.net today, my main base for almost nine years now, and setting up a new site at chartingthemarkets.substack.com though I seem to have unintentionally picked a really wild day to do that, so this is my second post today to cover the setup here on equity indices as well as my previous post today on crypto.

Why am I leaving theartofchart.net? Well many reasons really, but I’ve told a few people over the years that a collaboration between chartists might be reasonably compared to musicians forming a band. There comes a time when it is just time to move on, and I want to expand on my premarket videos and deepen my work and involvement with cryptos which it will now be easier to do.

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Stolen Thunder on Solana

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I was laying out a possible bearish scenario on SOLUSD (Solana) on Thursday morning. It wasn’t my main scenario but I was saying that on a break under support at 165, it might well deliver. I was planning to write about that in a post this morning as something we would likely see this week. Annoyingly however, I see that my downside target was reached this morning, so I am regretting not writing the post on Saturday. You can see that premarket webinar from Thursday 1st Aug here, and I start talking about crypto at 06.26.

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