Another wonderful week of extreme intraday volatility that ended with option expiration Friday closing near the high of the week. This proves how surreal the US stock market really is – nothing more than a casino with all these money chasing after the next game available.
So here we go again with more FURUs coming out claiming they were right after all … this video provides a balanced view of what to expect next. Of course, a balanced view also means making no directional calls that retail public love.
Bears are extremely quiet after the stellar run last Thursday and Friday while the bulls came out claiming victory like this one.
While many people getting so attached to the gambling den, what really matters now are often ignored. For example, the future of the super powers (US, Russia and China) are very important in shaping where the world is heading. Given this, I highly suspect US will not come out ahead.
I have seen quite a number of astrology videos calling this August full moon being a time of critical moment for world events and reversal of personal fortunes. Here is a video from Joni Patry, the astrologer who correctly called the COVID crisis, on what may happen in coming days.
This month so far is proven very fruitful for our deployment of our trading algos trading more markets.
Back to work for me and Have a great weekend all!
