Will PBOC devalue the Yuan this Sunday night?

It sure looks that way.

Please do not disturb the Amazon.com wagie

USD/CNY weekly chart, nice cup-n-handle.  Kyle Bass may have exited his famous Yuan short just as it was about to pay off.  This is headed to 8, then 10, then to 100.  Gee, that's too bad.

USD/CNY weekly

This also explains the sudden surge in BitCoin and other cryptos for the last couple of weeks; insiders know this is coming and are fleeing the scene.

If the market tanks in 2019 -- say if we plummet to the lower support in the next 2 weeks -- then the Donald Trump will have absolutely no choice but to go full scorched earth on the Bolshevik Democrat party in 2020.  He must destroy the evil party and salt the earth.

Note how we kissed back the Christmas rally channel this week.  The big bounce into early July is to the .618, likely after the Fed gets on-board here.

SPX hourly

I've been saying this for a long time, the way we defeat China is by pulling the plug on their cancerous financial ponzi and letting the Chinese people finish off their rotten elites.  Maybe they can end up with a proper representative government instead of another Oriental despotism.

Gotterdammerung

Futures off 30 tonight, and we could see something truly beautiful this week into May opex.

It has always been my personal thesis that when this thing finally goes, it will throw a rod and fall much faster than anyone thinks.  Shock and awe, bloody destruction, again and again.

We could be testing the Christmas lows as early as this Friday.

SPX nightmare

Market longs are simply in error.  And the S&P 500 is due for a good culling.

Good luck to all bears.

THANK YOU, THANK YOU, PRESIDENT TRUMP!!

It will not take much at all to implode the ponzi Chinese shadow banking system, and every lie that rides upon it.

Thank you, my POTUS.  You have done well today.

Expecting a FFR cut in September -- not in June.  The lack of a June rate cut from the Fed will actually crash equities back to the 2007 highs (1560s SPX).

But the FOMC will come around in September when the very long-term channel is threatened, with the S&P 500 under 1370.

S&P 500 daily

GOOD LUCK TO ALL BEARS.