es 5-8 update ~
evenin'
global markets are red yet again;
but the good news is - fear is almost at historical highs across the board.
whenever fear spikes like this, we end up seeing very irrational moves to the upside.
i think we're going to see a fairly large move up in the weeks ahead, after 3950 has been met;
but i think it'll be yet again another trap yet before continuation to the downside.
----
this correction is becoming something much larger than i had initially expected.
will continue monitoring it from afar.
global markets are red yet again;
but the good news is - fear is almost at historical highs across the board.
whenever fear spikes like this, we end up seeing very irrational moves to the upside.
i think we're going to see a fairly large move up in the weeks ahead, after 3950 has been met;
but i think it'll be yet again another trap yet before continuation to the downside.
----
this correction is becoming something much larger than i had initially expected.
will continue monitoring it from afar.
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