I am getting bearish on YM. Previously I had expected another leg up to 29k+, but, I think the wave count is finished. I am actually shocked how naive the market is considering that there is political tsunami coming in November. Wall Street is now made of gamblers who think that they're smarter than everyone else and will get out in time....yet again?

 

Martin Armstrong was usually spot on because of his understanding of capital market flows and its impact on currencies. He has long championed the view that US is the strongest and dollar will be the proverbial "last man standing." But no more! His view took a 180 degree change, he now believes that US will benefit from capital inflows for a very short period of time(maybe two or so years.) like everyone else in turn.

From intraday high to intraday low it was a 47 point SPX slide.

Some were busy looking at AAII , VIX, A/D, Volume, etc.

Others thought vaccines were more important.

Some were busy looking at positions of planets and moon.

 

Was it just a coincidence the market began the slide the moment Biden announced his pick for VP?

The top now may be in until election is out of the way. My crystal ball can  not see who wins the White House

in November, so I got no predictions past the election. 

Yet,we opened near the highs, and closed on the low of the day.
i added To my Vix long ETFs  this am,and am now 50%short. Looking to sell any rally from here.

Appreciate I may be early and a retest may still occur

eom

thT movement in the 10yr or Uncle Buck. Shouldn't cause all this. (JmHO)