Lions... What Is Your Take On This?
From Greg M
Lions.
Below is a snapshot of the MMRI current as of this post.
You can view the MMRI in real time by clicking HERE.
As you can see, the MMRI has now fallen to a support level, BLACK LINE. The current trend is RED.
In your opinion based upon what we know is happening, (dollar devaluation/suppressed rates with the Fed. about to buy more), do you believe that we will break thru support and continue lower? Or bounce off support first?
May bounce off support for a brief period, but definitely going lower especially as we approach Fed announcement of lower rates.
what if there's no bottom??