Nothing sensible came out of G20. One thing which can not be announced, but be done: intervention in open markets to weaken the US Dollar. Today at 6 am Pound and Euro have took off and continue to rise all trading day until close of Wall Street. Rally against the dollar were not spoiled even by markets going down. Tomorrow we will have more signs whether it is our Bold decision of G20. All indicators are at cross roads: US Dollar is ready to break down, but needs a push - risk is an assending triangle with upside break out if Double Top will not be confirmed; DOW DIA held closing Low of last Reversal day, needs to push up; VIX formed Dragonfly Doji, could be a strong reversal in the forming right shoulder - needs push down. Lost chance now will cost dearly everybody in the markets and US economy.
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