I identified Turkey as a potential geopolitical hotspot given a bearish chart pattern several years ago. Things have not been going well for Turkey or its currency in the interim. I speculated that a completion of the bearish pattern would point to extreme events, either currency collapse or possibly Turkey being ejected from NATO. The latter is now openly discussed in Washington, DC.
NI: Sorry, Lindsey Graham: America Can't Kick Turkey Out of NATO Unilaterally
TAC: Time to Kick the Islamizing Turkey Out of NATO
SPY Gap Target Reached
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FEEDAnd there it is: we’ve sealed the gap. The bulls have been blasted.
Let’s see if we can do more!
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