Loading ...Honestly, the Obama Administration are not just brain-dead, they are like the Jelly Fish – they have no brain at all. They exist simply by stupid motion – zero thought. Sanctions against Russia have only torn apart what ever administration has accomplished since Richard Nixon. These sanctions will hurt the USA economy and are more likely than not going to lead to war. Once the US economy turns down, the US will need a war to divert attention from the government with external enemies. Without such enemies, half of the government would be unemployed. Expect this to start to escalate even further. There is no hope that sanctions will do anything but create war.
The interplay of the War Cycle and the ECM is really getting interesting. We can see some wild swings ahead. This volatility will start next week and gradually build up into what appears to be a major focal point come November. The technical Breakout Channel on the Daily Chart is warning that breaking beneath that channel on a closing basis will warn of a possible near-term correction.
The major technical support lies at the 16254 level with initial technical support at the 16828 level. Watch the Bearish Reversals closely.
Because of the importance of all of this and the success in the live stream technology for the Cycle’s of War Conference, we may try another streaming event on markets in September. This is starting to look really crazy and as quiet as the markets were for the first half of 2014, they look like they will be much more volatile the second half.