[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] Global Equity Markets ended their upside from February at the July Highs. The Liquidity Gestalt has been replaced by a pandemic Global Uncertainty. Repeat: “The Market has Changed and a Selling Vibration has been initiated.”
Manipulated Markets are inherently Vulnerable which, once revealed, may manifest with shocking moves. Again, the defined Interim High is only 14 days old, thus this Correction remains in its early stages. The initial plunge in the early morning of 8/8 has set up a significant support level. Bounces from there are underway. The current Price Recovery may last into the next node due 8/25. Expect, unexpected price behavior but, Focus on the bigger picture.