[newsletterchapter2 title=”GENERAL MARKET COMMENTS”]
Global Equity Markets have ended their facile upside episode from the February Lows. The Liquidity Gestalt has faded. The Market has Changed. A Selling Vibration has been initiated. dramatic declines may manifest into the Fall. “Manipulated Markets” are inherently vulnerable.
The 7/3, CupCake Crumble and the 7/24 Highs were significant Tells of the Topping Pattern. Those Highs now become targets to measure the Degree of Downside in this Correction. Again, with a defined interim High only 9 days old, Patience before Selling has become Passé.
The Risk now is one of Procrastination. The 2% Sentiment on the initial plunge to 1917ish is resolving into Hopeful Recoveries but don’t expect the upside to be smooth or easy. The Market has changed so expect different behavior to become manifest in the weeks ahead. Trading Reality.