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Thursday, 01/04/2024 2:47:06 PM

Thursday, January 04, 2024 2:47:06 PM

Post# of 648882
Will the Dollar Decline Before Any Rally?
By: Marty Armstrong | January 2, 2024

The year 2024 will be met with challenges and distortions that are certain to create a major trading trap for the majority of people before the chaos that will be unleashed post-2024. Generally speaking, While the main currencies failed to elect any Yearly Bullish Reversals, the overwhelming pool of fundamental analysts keep calling for the crash in the dollar and others a crash in the stock market. We have a lot of conflicting fundamentals. The now painfully obvious rigged election for 2024 in the USA where they are not just trying to remove Trump from the ballot, they are also blocking any Democratic challenger to Biden, claiming that would only support Trump. In other words, nobody but Biden is allowed to run in 2024.

Then we have the rising tension for war. Even the leader of North Korea has instructed its military to prepare for war. For the life of me, these Neocons are insane. They are trying to instigate war on every possible front simultaneously. The post-2024 period looks just unimaginable.

We have 2024 showing up as Directional Changes and higher volatility in so many markets. The US Dollar Index has a DOUBLE Directional Change for the 1st Quarter 2024. We have a Directional Change in interest rates in 2024, and pattern recognition still points to higher rates into 2027. There is no possible way for interest rates to decline in the face of war. The yearly array for 2020 showed a turning point for a high in 2022 and a possible correction into 2024.

January is often the strongest target for a turning point in many markets.


Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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