Link to Slides and Sources: https://www.itmtrading.com/blog/botto...
We've been watching quite a few pattern shifts over the last year or so. These were warning us that a market breakdown was in the works. Over the last few weeks, it's become more apparent as most stock market indexes are below the beginning of the year levels. We got that warning on October 3rd when interest rates broke out to the upside and now US stock markets have broken to the downside. But it's not just that they're lower than they were at the beginning of the year, they've broken below the 200-day moving average, a key technical level that has not been pervasively breached since 2016. For me, this is an ominous sign.
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.