Updated

Sideways Trading Range Between $237.50 & $265 Most of November.

It appears we will hang out within a trading range Between $237.50 and $265.00; repeatedly testing the upper boundary of an Ascending Wedge we see in the Weekly Time Frame. We will have a better idea of how much longer we may continue to test that upper boundary of the Ascending Wedge once we see the White Energy in the Weekly time frame approaching the 50 percent level. I'll post a chart shortly to point out the trading range near the upper boundary of the Ascending Wedge.

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2-Day TF:

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If you are not aware of what's going on in the Banking REPO market, do some research. If the Federal Reserve continue loaning money in the hundreds of billions EVERY DAY the way they are doing currently, WITHOUT REDUCING INTEREST RATES, we will likely see a drop in the stock markets similar to the way we dropped in the recession of 2000. That particular market crash was a very slow bleed compared to 1929, 1987 and 2008. However, if the bank REPO's begin going up exponentially to around $700 Billion EVERY DAY, there will be a SERIOUS cause for concern.

Will the banks ask congress for a bail out once it reaches $700 Billion every day? That's a hard question to answer. They may know the answer to that will be, "NO." Which means the Federal Reserve may likely continue to loan banks money into the Trillions every day at some point. However, I don't expect that to last as long as some are thinking. Some are saying the FED will ask congress at $10 or $20 TRILLION. However, I believe we will see the market begin to tank well before they ever ask congress for a bail out.

With that said, you may seriously want to consider getting out of the stock market, FOREX, and crypto exchanges all together in November "IF" the REPO market keeps going up and begins getting pretty close to $500 Billion or higher every day. WHY? Because that would mean our financial system is in SERIOUS trouble and ANY capital you have in banks is at SERIOUS RISK of being lost because of bank failure. Which is all the more reason to begin hoarding PHYSICAL precious metals under your control.

Also consider hoarding crypto currency OFF EXCHANGE. Crypto exchanges will be affected as much as stock and forex exchanges. BOTTOM LINE: If you have capital held in a bank by yourself, a fund, etc... IT IS AT RISK.

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The KEY to determine if the Stock Markets begin to crash in 2020 is whether or not the FED lowers rates while loaning to banks (bailing them out) in the REPO markets. If they lower rates while continuing to bail them out in REPO markets, we can expect the plunge protection team to continue propping up the financials and the rest of the market. If rates remain the same or go higher while continue to bail out banks in the REPO market, we will likely begin to fall into a LONG PHASE E of a Wyckoff Distribution Schematic and it will be many years for this to play out and for us to recover.

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It appears the main problem in the REPO market is the banks want to offload Mortgage Back Securities (MBS) as "collateral" they are putting up for over night to 14 day length loans. However, the banks do not want to accept those MBS as collateral from one another in order to loan to one another in the REPO market. The FED had to step in to accept those MBS's as collateral. However, it does not appear the banks are paying back the loans to get back the MBS's they put up as collateral. At least not yet... This is explained fairly well in the following video. "Financial Collapse - REPO and MBS Future Disaster In The Making?" youtube.com/watch?v=vRQ1xVL09Wc

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Also, what is going on in the REPO market currently is worse than what we were seeing in 2008, 2009 and 2010 with the MBS (Mortgage Back Securities) the FED bought from banks. Yet, they are not calling this QE (Quantitative Easing). Bottom Line: We all need to keep a close eye on the REPO market.

I suppose it's possible for the FED to provide liquidity to the market through the banks in the REPO market to ultimately keep the financials and the rest of the markets propped up a bit longer. Especially, if the REPO's don't get out of hand by going into tens of Trillions. The banks may likely end up NOT PAYING THE FED BACK the loans given to them for the Mortgage Back Securities because those MBS's are likely very toxic. This may be a way to TRY to quietly do Quantitative Easing (QE) without calling it QE.

The way I see it is the banks are IN REALITY "SELLING" toxic MBS's to the FED with NO INTENTION of buying back those toxic MBS's.

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