Now comes the dollar complex which we have covered several times - the artificial devaluation which we were tracking in 2019 has arisen:
Dollar bears now have a good position, because it is looking highly unlikely that Trump can pull this off now and manage to force a stop to the artificial devaluation. This somewhat clumsy move of a Biden/Harris WhiteHouse alongside a GA senate flip which looks cooked to come in January - will expose badly the USD and nothing will be able to prevent it from hanging on.
The struggle to control a private debt problem by issuing more private debt is a serious mode for the birds.
...Monetary policy, or better said, Keynesian economics has the difficult task of proving its worth now:
For USD the chance of setting up a counter attack of the highs is diminishing on all wings.
As we are seeing, frequently the 90.0x handle has been difficult to crack, so it is clear that we need to pay attention to a breakdown here as it unlocks the possible momentum force towards the nearest support at 77.8x. Another extremely violent example of capital outflows looks around the corner for the U.S in 2021.
Thanks as usual for keeping the feedback coming 👍 or 👎
Let's hope you are right. I'm long commodities Zinc, Nickel & Gold.
GreenCandleTrading-GCT
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Nice chart! Here's what I see..
dchant
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Great work sir
jnirenberg7
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The markets are almost universally trading around Trump right now, he is holding almost every card from election fraud (read up on dominion/sidney powell) to veto power for stimulus/spending package to COVID panic.. all revolving around him. If you don't think this is exactly what he wants then you don't understand the donald. I would not bet against him, there are serious cases and a lot of power at his disposal at this moment. He has forced the globalist hand completely with them releasing the vaccine, hunter biden probe, useless congress, now he is the "lone wolf" with populist support against a corrupt and broken election system/government. Would be hard to come up with a more poetic comeback story. We are at the brink of civil war/total washington meltdown and they are trying their hardest to keep a lid on it. We will likely see this play out in court in a voter fraud vs voter suppression/BLM narrative, too solid of a case for courts to ignore. VIX tells the true story IMO, started moving up friday and given what happened after hours it shouldve got crushed today, but not happening.