I am really surprised by the type of buying today.
It is concentrated on the main ETFs, as if the BOJ had decided to drop the Yen and forced Japanese pension funds to indiscriminately buy US assets.
Peter's work tells us to short at around 15:30 today and then buy the open tomorrow.
I believe that thousands of traders will do the same. This means that the down-move will occur earlier.
But for now, everything is pushing higher, forcing shorts out of the water.
Pascal
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