Market Report 6/30/16, sell short stop 17700, CG(6245),11/20/15
Soros & Co covered their short pound, then decided that Brexit is a good thing after all and the Fed naturally agreed, pressing the money pump accelerator to the floor. This pushed $DJI another 200 points up, straight into the 17800-18000 resistance level, sending all short sellers, naysayers and New world Disorder traitors on the run of their lives, chased by Yellen's panzers. And this on a day when Trump is leading Hillary by 4% in the National Fox news poll, the Establishment clearly confident that at the end the White House will be theirs and the endless "Internal Financing" money printing outrage will continue until $1 will equal 1 Indian rupee. USD/CHF fell to 0.9774 due to Yellen's intervention, 6 out 9 USD/CHF stochastics up, resistance 1.3843, gold gained some ground to 1324, 7 out of 9 stochastics up, resistance 1500. So we have a contradiction, gold and US dollar both in a bull market instead of the usual negative correlation between both, and $DJI in a...