Great article!
So here we find ourselves at the intersection of more QE, which has been highly anticipated for months by market participants, and an overbought and over bullish market. I still believe this is a market top, and I am basing this upon the indicators, which I am suggesting to throw out the window for now as central banker interventions distort markets and market signals. Hey, no reason to become roadkill in what might become a short covering stampede that will catapult prices higher.
Be sure to read the rest here to see the charts showing dumb and smart money metrics.
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