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| "big things have small beginnings" |
Check this out.
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| SPX 3D |
Here's the larger picture with more count and detail on the failed 5th wave.
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| SPX 15D |
Now look where this same pink line ends up in six weeks, on June FOMC -- SPX 1622. By September, the larger rout will force the Fed to announce a fresh policy of the Quantitative Easing.
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| SPX 3Y |
The story of 2017 is of a financial crash which only the most crazy, irresponsible, depraved tinfoil internet cranks could possibly foretell, one which forces the hand of the Federal Reserve to abandon its stated program of regular rate hikes and shrinking the balance sheet, to return to extraordinary monetary policy and direct intervention and support of deflating asset prices in the wider economy.
This will be the death knell for the $USD, although this process, too, may take several years to work itself out.
