snapVIEW

US manufacturing continues to slow, while capital inflows to the US remain strong. Stocks marched the course we have outlined, stretching from the significant Main Street slow-down due to foreign fear hedge buying. USD is firm as result.

The AUS200 markedly under-performed US indices yesterday. Expect further downside evolution.

The Australian dollar is at a significant precipice, and can fall sharply at any moment. We are getting gold and oil right. Going in opposite directions as forecast.

Both the gold up-trend and oil down-trend continue to be highlighted strategies for dealing with the delta surge and slowing US/global growth.

US500 
As it began to fall, suddenly, five hours of relentless buying. Most likely a very large buy order which day traders quickly fell in line on. Again immediate hesitation  Pressure to upside only while very important pivot support now at 4465 holds.

The story of a world confused by the rise of Delta, carrying the pain of inflation, and watching the US and China economies slow, will soon shift from panic buying of US stocks, to Gold. There will be no reason to be long Oil, and the Australian recession we built ourselves, will crunch stocks and the currency both.

Tipping Top not too far away

Aug 17 2021