IMPORTANT! Possible MMRI Breakdown...
From Greg M
Lions and friends…
The MMRI (chart below) appears to have possibly broken down through its support level (see red arrow), its a bit hard to tell.
If this trend continues, and the MMRI breaks down lower, I would expect that the stock market will move higher- this is definitely something we need to keep our eyes on.
If we break out back above this line, it will not be good for stocks.
Look at the green circled area. This is the short term chart, some entity is buying a lot of debt… I wonder who that could be???
To follow this in REAL TIME, click HERE. Or click on the image below.
so everyone is a stock market millionaire on paper but what good does that do when a coffee is $100, Lynette zang just had an interview with a gentleman who went through hyperinflation and they talked about the crackup boom in the markets and retirements but meant noting when your purchasing power was zero !
They are about to do a tech stock only melt up parabolic hockey stick- as everything else flat. August starts the panic cycle