Possible missile shootout in Syria between big powers.
The Market Is Pressured by Another Geopolitical Crisis
Posted 11 April 2018 - 11:00 AM
The Russian installations and personnel are off-limits per a discussion between the US, UK, Russia, and Syria with agreement to notify Russia prior to attack. The Israel attack was only coordinated with the US. Both the chemical attack and aistrike on the Syrian airbase were designed to get the US deeper in the war. Both Israeli and Indian papers are pointing to Israel being behind both attacks.
Posted 11 April 2018 - 12:13 PM
But the missile shootout between big guys still pending. So, expect market to sell off again in late afternoon.
Posted 11 April 2018 - 12:24 PM
There's NO VOLUME... so there's no big panic here...
It might fall on it's own though...
This has been very flaky action...
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
Posted 11 April 2018 - 12:29 PM
There is usually a lot of back and forth after the minutes release. All these events also coincide almost to the same day with the FBI seizing his attorney's files.
Edited by Data, 11 April 2018 - 12:30 PM.
Posted 11 April 2018 - 01:20 PM
It looks like the consolidation could last another week. Too much uncertainty to rally.
Posted 11 April 2018 - 01:54 PM
This is a news driven market. I see more bad news to come to hit the market as soon as tomorrow.....................
Edited by redfoliage2, 11 April 2018 - 01:55 PM.
Posted 11 April 2018 - 02:15 PM
When the bulls are in control the market is more resilient to bad news. This looks more and more like a bear market and the market is very sensitive to bad news.............
Posted 11 April 2018 - 02:39 PM
This looks a lot like North Korea news. Inspectors will arrive in Syria. The site has now been secured as the jihadists have agreed to surrender their weapons to relocate. Most of the US ships won't be in the area until May.
Posted 11 April 2018 - 03:33 PM
The market won't stay here for more than another day or two, the volume is too high at this price point.