Meanwhile ….China, DB, Junk Bonds

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hate to say it …but, um, who cares?

There are some MONSTER currency moves going on right now … watching China like a hawk.  Is is starting down again against the USD?

Pay attention to this, THEN look at the “other” stuff …

DB – largest holder of derivatives “alive” for now …nice 5 waves down into the .786.  Expect a rally into high 20’s then back down again …?

JNK … nice bounce from the 35 pattern.  hit .786 of last swing and starting back down … hmmm?  all good, all quiet on the Western Front, nothing to see here folks move along?  Watch this one – closely.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART