Next week takes us into July, the start of the third quarter of the year, and also the start of silly season, a/k/a/ election year shenanigans. The question that went through my mind on Thursday night was, where is that nuclear football with all of the authentication codes, targets and casualty estimates? Under whose authority is that briefcase opened, evaluated and potentially triggered? Which, if not all, of the other world nuclear powers is asking the same questions? Finally, just how quickly can a stair step of deteriorating geopolitical conditions infect global financial markets and is THIS service prepared to act quickly and decisively to adopt to cascading market conditions?
It is that last question that I can answer without having to Google anything. As we enter the second half of this election year, my tools, chart set-ups and strategic trade management strategies are as a whole eminently suited to adapt to anything the market sends our way. If you haven't noticed, we already started, with the most recent Mid-Week Update, expecting a precipitous decline starting this summer and taking us into the election mayhem that awaits the market between the sentencing, conventions and election. Post-election to inauguration is something else altogether, no matter who wins, but we have to get there first.
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The chart below is similar to several other charts that were published this weekend to subscribers. The message it is conveying, wave 5's at multiple degrees of trend, rhymes with the words excerpted above. Coming up and in all probability sooner rather than later, is an opportunity last seen in entering the 1st Qtr 2021, before that going into the 4th Qtr 2007 and before that, right about the 1st Qtr 2000. What is coming next, i.e., the next big thing, will be a wonder to behold. Be ready, be scared...or both.
And, finally: