Spiral Calendar

The message of very bearish longer-term charts is to ignore divergences on shorter term charts. Sometimes a bearish chart is simply bearish. There is a danger of overthinking here. I expect lunar-timed lunacy before this is over.

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A few charts from the beach.

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A bounce without follow through.  I'd give the bulls another day at least. Full moon tomorrow just before noon EST.  

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Whoops! FX markets delivered a gut punch Friday.

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Huge test for the bears today. They passed.

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The bulls have a slight edge for the next couple of days.

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Their is fear in the market currently. The question is whether this fear is rational or irrational.  

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Massive illiquid swings are not bull market hallmarks.

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