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The Market Rig of the Last Two Weeks Is Now Ending


 -- Published: Tuesday, 16 May 2017 | Print  | Disqus 

By Graham Summers

 

The $USD/Yen prop is now actively being pulled.

 

For two weeks straight “somebody” was pinning stocks by ramping the $USD/ Yen pair. You can see the tight correlation between the two in the chart below.

 

 http://goldseek.com/news/2017/5-16gs/image002.jpg

 

This resulted in a one in 125 years event: a 10-day period in which stocks didn’t move more than 0.2%. And we’ve even had confirmation now that the last 15 days have seen the LEAST movement in stocks in history.

 

However, now that we’re on to their game, the rampers are giving up. The $USD/Yen pair is now breaking down in a big way. 

 

 http://goldseek.com/news/2017/5-16gs/image004.jpg

 

The downside target for this move will be 2,200 on the S&P 500.

 

http://goldseek.com/news/2017/5-16gs/image006.jpg

 

And if the rampers REALLY let go, we’re looking at a much larger drop than that.

 

Are you ready?

 

Best Regards

 

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

 


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 -- Published: Tuesday, 16 May 2017 | E-Mail  | Print  | Source: GoldSeek.com

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