I first started publishing charts comparing CB asset levels with equity prices in 2010. This latest chart zooms in on the "Money Printing Pump" for the past few months. It is important to understand that CB balance sheets in dollar terms are sensitive to exchange rates. A weaker dollar inflates balance sheets, a stronger dollar depresses them. In recent weeks stocks have become "locked in" to the fate of the Money Printing Pump. The dollar has to continually weaken to keep the game going at this point. A dollar rally will torpedo the equity market.
click chart to enlarge
click chart to enlarge
Solunar and tidal charts as well as a video discussion of daily and weekly candle charts is inside.
Bitcoin reversed right on the upper, daily Keltner channel level on Tuesday. The expired 9372 net line level is providing some support over the past 24 hours.
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The weekly chart shows last week's reversal coming in right under the net line resistance level.
Spiral Calendar analysis inside.
There were a few signal indications given on the candle-stick charts today.
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Gold pierced its Net Line and generated a Range Bust Reversal bar (red and white). The cycle-trap likely turns higher tomorrow putting gold on a buy signal. (3 indications within a span of 4 bars)
more inside.