The market rallied on Tuesday ahead of the long 4th of July weekend, likely being manufactured to rally to create a false sense that everything is ok.
However, it does seems clear that trillions and trillions of non-stop money printing seems by the Fed does not seems to have much impact any longer. Deflation is starting to overwhelm the Fed money creation. Sooner rather than later the market will start to go down, unless world central bank opt to hyper-inflate the paper currency system.
Tuesday was a trending day. It is usually followed by a choppy sideways day or a reversal day. As such we could see either a choppy day or a reversal day on Wednesday, a reversal from up to down.
Key Line-in-the-Sand on Wednesday will be 10,100, bullish bias above, bearish bias below
