“Tonight I would like to update some more currencies and commodity charts that pertain to the possible deflationary event that may be upon us. If we can catch the initial beginning of such an event I hope to take full advantage of the situation. There is maybe one or two times in a couple of years where there is big move that telegraphs itself before it actually begins. When I can spot these move in time is when I will back up the truck as the old saying goes, to take on more leverage than normal. There are times to be cautions and times to be aggressive.

I have created a few new charts this weekend that I hope will show a clear picture of how a deflationary event may start. As always there are never any guarantees when it comes to the markets only odds, but with enough evidence the odds go up. A lot of these charts you’ve already seen so I won’t go into a lot of details in explaining them again.

Lets start with is 2 year daily chart for the US dollar which shows the August 2018 rising channel which is the same rising channel we’ve been following almost everyday on the UUP. The small H&S bottom that has formed at the last reversal point is also the last reversal point in the blue bullish falling flag which is suggesting that at a minimum the price action will rise to the top rail of the August 2018 parallel uptrend channel. If the US dollar takes out that top rail then we’ll have a completed the 2018 bullish rising flag halfway pattern to the upside”

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