What does $29 crude, 1.4% TNote top, $3.94 Wheat have common?
throw British Pound, Corn by the lows in 2016 soybean meal, oilshare and stocks in the depths of last Jan Feb 2016 in Dow and Nasd.
These were all long long term olive line indicators labeled the same color as money. We continue to play this main thrust into an inflationary cycle that has seen wheat bounce 15% in short order very similar to crude last year because these are the only indicators you need to help manage risk. WHY? This is where Soros sold the S&P last year as this was a major sell, from the sound of it he is still short. Out $1.2 Bill I heard a trader say.
Funds flip long bonds at the top has been documented last July 2016 when a $30+bil fund short bonds flipped long to catch the last rate cut (correct at top) which was so short sighted but pointed out here on the dog.
So your telling me that these are all the same conditional indicator? Yes.
Do you need a chart of each to see how they all looked at the time?
This is the condition that hurts the most traders, the olive line.