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.
Edited by linrom1, 12 August 2020 - 12:10 PM.