11.17.2021

It is becoming a bit clearer to us that the DRIVER of capital markets is currently the US DOLLAR.

We may see a USD correction, a WAVE 4 type move that takes the USD lower towards the 93.50-93.70 area as depicted by our chart.

We do feel that this move in the USD would be CORRECTIVE in nature.

This move could coincide with a RISK RALLY. A final leg in EQUITIES that resemble a BLOW OFF TOP.

BONDS also may move, rally in this case, with yields tumbling.

This could be the BLOW OFF top we have been waiting and it may be triggered by the USD.

The MARKET seems to have piled on very heavily into the USD, we saw some STOPS being run last evening and that is an indication of a SHORT TERM top.

This is a THESIS, and we are testing it by SELLING USD at current levels.

As always, we KNOW WHERE WE ARE WRONG.