The big tell was the big rally we had leading up to the inflation number. We had a very oversold market. And with the fact that every ralley is being sold in lower his, the primary down trend remains quite intact. The buls are in bad shape here, and the the charts are quite weak and invulnerable.
MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to revisit the inflation debate, and Jim says inflation isn’t going away any time soon. They also discuss the equity market outlook, precious metals, and much more. https://bit.ly/3QO1Ml9
Download Big Picture Trading chartbook 📈📉https://bit.ly/3BhRi81
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials