Well ironically the american stock markets so far have demoned 0 signs of this having occured. . .everyone else burst, ran stops, made new swing highs. . .the DJI and DJI futures didn't, and therefore are softer now.
Perhaps. . .perhaps the simple fact that it required concerted action is scaring the market that it is bad?
But any logic could be applied to either form, bull or bear. . .it's just another spin pursuit...
Fact is, we nevertheless have the bearish outside pubs on the stock market, yet have destroyed stops on the FX market.FILE_4_EXTENSION's not straightforward.
I believe so far we are still 220-230 range comprised in GJ, but we are about as close to a possible runaway effort as we can be. Dito EJ.
Sitting on the border of insanity literally...
So far from what I watched BOJ interventions alone only chased and things went on yet, but this is currently multinational partnering up. . .pretty darn big I guess..and all this at a 0 liquidity interval.
They could perform a lot of shoving and pushing if they wish to or give incentive for it..and whoever jumps the gun may over-affect the market. .
Basically all my FX bearish setups were invalidated and the weekly bullish picture stays. . .which is great for the carry, but entirely illogical to mepersonally, even though it's only a followthrough of what the chart said. . .oh well.
Perhaps next time less prejudice and more uninfluenced chart obedience are the wiser option(for me - I completely missed out on the explosion and got nothing in the drop since I expected 110 rather than 112 again. .) =-RRB-
That projected trendline top is going to be hit if we continue up, then 235 probably, also, if it is a genuine spending carry bending spree.