Notwithstanding another intervention by Fed, my thermo graph showing a very interesting developing story
Supply chain disruption is very different from GFC liquidity crunch.......traders are back to their desks and for once, it appears they are realizing that central bankers can't print their way out of this particular pandemic mess.
Supply Chain Disruptions Impact On Global Growth: $570 Billion & Growing...Hyperinflation....The key factor in this supply chain disruption risk is that while headline inflation may remain weak due to falling commodity prices, the prices of essential goods may continue to rise faster than official inflation and generate more unrest among citizens all over the world.
How I use it: I turn off the actual price so I don't see the ALGO lies. Trading is about phycology as much as is about charting and macro analysis. I also learnt, ALGo plays more trick to burn shorts or go against your Long in shorter time frame. So in shorter time frame I set the history to one so I see a single thermometer and a single thermo balls to eliminate ALGo bias and trade with numbers rather than a manipulated trends. ALGO trick gets much worse under 5 minutes. So be careful. One last thing, I always short any market so the scripts are biased to show more accurate predictions for shorting index or stocks.