War Vibes

TGIF!

Gold and Silver having an outsized oversold rally after an outsized selloff week before last.
Also war vibes, as escalation in Middle East war picks up.
Derisking ahead of the weekend makes sense as does the selling post 30Y Treasury auction yesterday post CPI beat and continued post UMichigan sentiment and inflation expectations released this morning showing sticky/entrenched inflation as backdrop for economy in stagflation.Chases today out of the gate: JPM above 150 but it is also famous for ramp/fade.
Mostly my bet was that market would sell off and it has, so far:
QQQ tag of 366.49 hit; next 364.60.
SPX break of 4356 brings 4340 before 4324 with potential overshoot to 4313.
VIX triggering higher was baseline bet: 17.34, 17.77, 18.40, 19.29, 20 overshoot
SVXY triggering short was baseline bet: 86.18, 85.09, 84.21, 82.96 overshootUSD is so strong that equities won't have a strong chance until DXY is back below 105.77.
Even cult stocks NVDA + TSLA ... LLY + NVO are showing signs of fatigue EXACTLY as NYFANG + QQQ hit major weekly trendline resistance!!Weekend risk is real but so too is seasonality strength.
Long story short, I still haven't seen a CAPITULATION LOW yet.

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