Global Markets – Weekly Review 8
Key areas have plunged, confirming a Trap.
My concerns as stated in the Mid-Week Update:
“A number of potentially important Setups are developing in many markets — if these confirm, the implications .. could be significant. One way or another, we should know relatively soon. CPI/FOMC were important catalysts and markets reacted strongly, but under the surface a number of charts remain concerning, and could prove critical.”
Several areas immediately turned lower and plunged, confirming a Trap — raising my concern even further.
It’s important to evaluate what markets may be saying here.
70 updated Charts & Commentary on all major Markets — for your Sunday reading:
Keep reading with a 7-day free trial
Subscribe to Macro Charts to keep reading this post and get 7 days of free access to the full post archives.