NASDAQ100 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

The US dollar transacts about $5.2T per day worldwide.  When the USD moves higher, it profoundly and negatively impacts prices.  We have seen this in commodities.  But with Yellen and the Fed buying up shares in the stock market to keep it aloft, one can only imagine the size of the Fed's balance sheet.  Stated at $4.2T, we would consider that a complete lie.  $10T?  Getting warmer.  No wonder Yellen became angry when asked about an audit.  The Fed is currently the single most destructive organization globally.  The Fed is pushing an inflation target by blowing trillions to make GDP positive.  Latest forecasts call for Q1 are near 1.2% GDP - more economic decline in the face of all time highs.  Yellen and the Fed have let this fraud go on for too long.  Should burrito chains really have a market capitalization of $21B?  Chipotle executive thank you Yellen, but the rest of the world does not.

Click on chart to enlarge NASDAQ100 Hourly Continues To Move Lower – Central Still Bidding This Market In The Face Of A Stronger US Dollar

NASDAQ100 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Beef remains at near all time highs.  CME gasoline moved from $1.20 per gallon to $198 per gallon in five weeks while the US dollar continued to climb.  Oil continues to hold while the USD moves up.  US housing indexes are riding near all time highs (companies whose business is building homes) while the US housing market is stalled and ready to tank like it did in 2007.  It seems that there is a Fed agenda to bid certain markets that are close to the consumer - stock markets, gasoline, oil, beef - all in the face of a rising dollar.  Today's down move was accomplished in 35 minutes - the remaining 5 hours and 55 minutes were spent by bidding higher largely by the Fed.  Is there really a competent investor doing a value buy at these levels?  The Fed balance sheet, said to be at $4.2T, is likely over $10T but the Yellenator won't let the auditors in.

Click on chart to enlarge NASDAQ100 Daily Tanks At Open And Retraces – Central Banks Continues To Bid Select Markets

NASDAQ100 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Have to wonder who's long for value.  Germany's DAX is up nearly 30% in five months - this exchange takes the cake.  Central bankers ruining lives and lying to us that they are there to help - party like it's 1942.

Click on chart to enlarge NASDAQ100 Hourly Gets Ramped By Central Banks In Final Hour

NASDAQ100 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Remember the mentions of trading small on either side of this market?  Here's why.  When the shorts pile up, Yellenator and company run over them like a speeding transport truck down the I-95.  It's as though central banks watch the volume pile up and then use their monopolistic skills (ie: there aren't any) and squeeze until covers come rolling in.  This is day 20 (about one month of straight up) in this trend.  It's getting surreal out there.  The rising US Dollar will soon be the speeding transport truck that is going to run over Yellen.  Oh, and yes - more all time highs in all indexes - speechless.  But check out Germany's DAX - up nearly 30% in five months.  Wowzers!!!

Click on chart to enlarge NASDAQ100 Daily Up Again As Central Banks Bid Their Broken Mess Higher – Shorts Are The New Roadkill

NASDAQ100 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Channel support broken, MACD fading, bollinger has rolled over.  Let's see if Yellen can focus on bidding up oil and gasoline and give the indexes a rest for next week.

Click on chart to enlarge NASDAQ100 Hourly Falls Sharply During Afternoon – More Downside For Monday
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