China markets screwing with the system, the euro finally under 130 and a big data morning with Case-Shiller at 9:00, Chicago PMI at 9:45 and Consumer confidence at 10:00. Auto sales tomorrow with APD, ISM, construction and petrol. Things are not good across the pond. We've all known that the fiat/fractal induced bubble economies would eventually falter. One can only play extend and pretend for so long before the pretend part comes home and delivers the facial. That will be sooner than later. At this point they are doing all they can to hold on thru Xmas. As discussed things are spiraling out of control faster and faster as we enter the Event Horizon of the great financial/economic fiat black hole.
Economic Calendar - Pretty busy week after today. Please ALWAYS check the calendar.
POMO Schedule - $39B in POMO this week. (We'll most likely have POMO from now to infinity or till the systemic failure that is destined to come.)
Shanky's Dark Side - Where I call all the intraday action and throw out tons of charts.
Pivot Points - For what they are worth in this busted market.
EUR/USD getting hammered and thru support. We have been looking at this turn for some time and it finally appears the markets are going to react to the contagion. Next stop 26.