I had allowed that there was a timing pattern due during the week of DATES FOR MEMBERS ONLY. That suggested “more Churning” which is what has occurred. FOMC Complacency could still keep Paper Assets afloat. That pattern has now been parsed into weakness this week and then a potential push up on the FOMC. As always, “Maintain a flexible Trading Mind.”
Profiles prefer a Real Decline later on in Q3 when a Black Hole is due. Stay inoculated against the Conspiracy of Complacency!
MARKET ENERGY: Market Energy for this week is still not that cogent save for some potential weakness near weeks’ end. Price action could still stay sloppy.
MARKET TIMING: Near term market timing profiles remain somewhat inconclusive: “The rolling diverging intermediate term behavior has been overruling typical tactical indicants.” The next cogent Timing due during the week of DATES FOR MEMBERS ONLY includes the FOMC meeting. There is some minor negativity due into DATES FOR MEMBERS ONLY. If Stocks do decline into there might then set up a spike higher into the FOMC.
MARKET “TELLS”: Global Equities still indicate “Global Market Change.” They remain cautionary. They have only had paltry bounces which inferred further weakness which is occurring! The Greek withdrawal could become an irksome hiccup but may be, mostly already, discounted. Global Bond Routs have ominous consequences for Equities but again that could still take months to manifest. As I noted: The Dollar bottomed and is getting strong again. Some normal setbacks are due but the interim pattern remains higher.
IF YOU WOULD LIKE TO SEE THESE DATES TRY OUT THE MEMBERS ACCESS