No replies to this topic

[arbman]

We may have a complete energy driven blow off, but the last phase of this rally was mostly driven by energy anyway, so perhaps we will really see an inflationary blow off while USD makes new lows...

The sentiment already started to turn sour in the longer term measures, but we are having a short term surge again in my measures, it can go on for a few more days though;

I thought we should see a sell off from these highs till the end of the month. I still have the same view and have another blow off or rally attempt sideways while USD makes lower lows to finish the quarter pretty much flat since the breadth so far led higher...

However, I believe the inflationary pressures should kill any further rally from here, we do need a reload to keep the commodity prices in check for a sustainable growth, sure we can momentarily reach higher toward 1120-1140 zone, but those prices will be rather given back very quickly...

Best of luck.