As I've said previously we are in the distribution phase and it...

As I've said previously we are in the distribution phase and it does not fit the Wall Street narrative for stocks to go down in a straight line. All of the economic figures that come out of the US are heavily manipulated and are nearly always "revised," at a later date once Wall Street had engineered the appropriate market response. We have declined for a straight Fibonacci 5 weeks which will have amassed a lot of short interest making the markets ripe for a short squeeze. So we either decline for another 3 weeks or they engineer a rally here. We have US Inflation figures at 10.30 pm Australian time on Wednesday so if they are not as high as expected giving hope of smaller rate rises we will get a Nasdaq rally. If US Wall Street is going to pump it they will start taking positions today or Wednesday morning.US time. I've closed my SQ2 short for now.

These short squeeze rallies tend to float all boats and Commodities like Silver, Copper are about 3 or 4 percent from completing Wave 2 Flat corrections ( Double Bottom bases) so a few things are aligning for a rally this week.