Fireworks, Fireworks, Fireworks.

I am now on full alert for rapid declines in risk and related assets.

As suggested in my previous post and pointed at in the accompanying charts, risk and related assets have likely peaked from slightly higher levels from Thursday last week.

I believe that today’s (post Chinese announcement) highs might turn out to be fairly secure stop loss levels for short-risk trades.

It is likely that there will be some form of a retracement (a move higher) in the next 24 hours.

No charts today.