2019-08-07

Socionomics Alert: Nations, Markets on Edge

Don't buy the shooting explanation for the videos below. The mass shootings are the proximate event, but look at financial markets. Is there a "mass shooter" at the stock exchange or the forex market? Why have the streets of France been filled with protesters for months, why are the streets of Hong Kong filled with them?

A short-term bottom is possible here with many charts hitting oversold/overbought conditions. However, oversold and overbought conditions are also when huge trend moves can happen.

Posted by at 11:21 AM
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