Teetering On The Edge

Waiting for the next shoe to drop, almost anything can happen these days to turn these markets on a dime.
The conflict in Russia is likely to morph into a war of sort, like all wars, they need a trigger or excuse for an entry point. The risk is growing each day for the fragility of these fake markets, propped up by endless interventions.

The Fed has every reason now to scale back any rate rises touted, as asset prices deflate. Needing to be seen as the saviour instead of the culprit of this coming disaster.
The Eurozone producer price index just came out at 30.6% inflation, that will transpire into the consumers wallets.
Trillions spent to keep the Ponzi scheme alive since 2020 has fed through into blow back.

Food and energy costs are blowing out, if the Cabal want war, then food rationing is coming to the world as each country reacts to shortages and banning of exports.

For sometime now, we have warned of this crisis and to prepare....drip by drip it is upon us.
The severity is mostly unheeded, only the prudent and shrewd are ready.

The Dow is in an ascending triangle which in a rising market is a bullish continuation pattern, this unfortunately, is setup to breakdown or fail....wave 3 down in all it's glory.
Repeated resistance around 34100 may breach somewhat, but the clear trade is sell.
All it will take is another poke at the bear to send it over the edge.

Appreciate a thumbs up...Good Trading!