SP 500 and NDX Futures Daily Charts - Light Volume, Phony Action

Richard Russell says what is on my mind quite well.

The outlier is the Fed, and a willingness to print to nominal results without regard to the value at risk of the currency.

“I talked with my good friend, Joe Granville, over the weekend, and Joe is as bearish as I’ve ever seen or heard him, based on his OBV volume figures. This checks with my own work and studies.

While fundamentalists