For the past several days we have been swinging back and forth in market consolidation.
Swing moves were dictated buy headline news coming form all over the place starting at Jackson Hole to G7 summit.
But overall thinks did change much.
- yield curve inverted again, more permanently then before,
- weakening economic data flow to the market form more places
- political chaos keeps going
So where the market will go next?
I believe market will find a reason to drop much further. 2730-2760 is the target, but it will not be a flash crash of any sort. Swing, swing again for a while.
Swing moves were dictated buy headline news coming form all over the place starting at Jackson Hole to G7 summit.
But overall thinks did change much.
- yield curve inverted again, more permanently then before,
- weakening economic data flow to the market form more places
- political chaos keeps going
So where the market will go next?
I believe market will find a reason to drop much further. 2730-2760 is the target, but it will not be a flash crash of any sort. Swing, swing again for a while.