[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] Global Equity Markets still look like they made interim tops at the July Highs. The Liquidity Gestalt may have been reprise in very recent days by a seeming return to easy upside in equities. The profile preference remains: “The Market has Changed.
A Selling Vibration has been initiated.” The Interim High is only 19 days old. The profiled High due near 8/25ish is actually a cogent Shadow High. Thus, the robust run up into there is lawful as a Secondary High. The early morning plunge on 8/8 created significant support for the current price trampoline. The Recovery may last into the next node due 8/25.