Squeeze after PPI and CPI
Last week we predicted a squeeze during the week of PPI and CPI. The 
VIX has also a target for weakness. However, the value play on the VIX is diminishing after this week. Oil and gold is in a weird situation. I had originally predicted Oil to outperform Gold over the next 30 cycle creating some divergence. We'll see that divergence plays out more in the coming weeks. If the divergence does happen, it will like throw the rising Japanese Yen off kilter.
The indices remain quite bullish on the higher frame. All macro points to higher end of year as CPi is now under 3, liquidity, jobs and consumption remains acceptably strong.
VIX has also a target for weakness. However, the value play on the VIX is diminishing after this week. Oil and gold is in a weird situation. I had originally predicted Oil to outperform Gold over the next 30 cycle creating some divergence. We'll see that divergence plays out more in the coming weeks. If the divergence does happen, it will like throw the rising Japanese Yen off kilter.The indices remain quite bullish on the higher frame. All macro points to higher end of year as CPi is now under 3, liquidity, jobs and consumption remains acceptably strong.
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