Loading ...THE DEATH OF THE E U ?
DAX is the ETF for German Stocks (EUROPEON UNION PROXY )
After Listening to Tom Luongo’s Epic Interview
https://www.youtube.com/watch?time_continue=2&v=qFHbNeayIx4&feature=emb_logo
( Thanks Plunger) ,
I think this chart is the one to watch. Luongo Goes into brilliant detail to explain why Europe as represented by the EU…is “Toast”
He calls the Globalists “Davos”
The War in Ukraine is Davos vs Putin …
Also he shows that the FED ( Powell) which is owned by Wall Street mega Banks and Brokerages is The Anti Davos now. Powell + Putin = The Death of Davos
His thesis is the USA will throw off the Davos Influence which they have gained thru the Biden Fiasco and Europe will be “Isolated” and Lost ( via the US Midterms) …especially when Russia Punishes them with Energy. He opines that the Eastern European Countries who are in NATO will abandon it’s Influence and align with Eurasia…leaving Schwab and the gang holding the bag and eventually hanging from lamposts.
Money will flow out of Europe ( Euro) and into the USA and therefore even though the Dollar will collapse against Eurasian ( Gold and Commodity Backed ) Currencies The Dollar Index ( which is the Anti Euro ) will rise….( with Gold)
The interview is 1.5 Hours and a MUST
FXE is the Euro ETF….LOOK
It looks like Luongo’s projection is well under way !
Link to the weekly chart. Bookmark this post and follow the FXE in real time…IF it Breaks Down we know Luongo’s Thesis is beaing Fruit and the Scwabbeans are Dead Meat
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Monthly Euro Chart ( click to enlarge)
Fully agree on the vid.
As far as the DAX goes, it just hit and bounced off the 3sd lower MONTHLY bolly.
Last time it paid a visit there, was at the covid lows.
My system tends to issue buy signals (at any degree) when the 3d bolly is pinned.
Could be for just a bounce, but it probably needs to find overhead resistance before the next downturn.