There is a big bottoming pattern now forming off the 7:30 ECI #’s.
Sunday into Monday should prove interesting for pattern follow through.
This is a massive capitulation of Long Dollar positions.
The potential lows in the Aussie & Kiwi.
The Equity Indices will have great difficulty following through to the upside.
The Volatility readings are going into the red again, which means we’re likley in for some more weakness.
At the very least investors should not chase strength.
Sell the QQQ @ the Market!
Time to take a head break