Market Update 12/7/21

Chief`s analysis today
Bitcoin.
it is fast becoming exactly the disaster I have been warning of all the way down. Its biggest collapse, ever, may be just around the corner. Some volatile consolidation immediately, but the ship is sinking.

SP500
Just an unbelievable 18 hour relentless rally. One moment brink of collapse, which was a fair call, and still may turn out to be the case, but this is perhaps the steadiest relentless one day rally I have ever seen in any market.

Dow Jones
Hitting resistance. Still down on previous high. Expect some momentum to the upside, but the next 24 hours are as unclear as it gets. Snap reversals to the downside are as common as to the upside?

NASDAQ
See that box over there, on the left, that I drew back then. Well, I was highlighting a huge surge in intra-day volatility, but look at what has happened since. This is as fast in both directions a market as you will ever see. Clearly denoting something different is happening right now. More in the later video.

AUDUSD
All the currencies had a bounce on a US dollar slip, but it may well be one to catch. The USD slip that is. Still bullish USD, and very bearish the Australian dollar to 70 cents. Risk .6850.