Looking at charts this morning, I'm only noticing one bullish chart in the entire world (okay, I haven't looked at every chart in the world, but I did get a snapshot): the U.S. Dollar.
Yes, the U.S. Dollar Index has a bullish chart pattern. And nothing else! What does that mean? That means get your money out of the stock markets because institutional investors and rich guys and girls are selling heavily right now.
The only safe haven I see right now is the U.S dollar and any vehicle that bets against stock markets--put options, short ETFs, or outright shorting.
That's the trend.
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