I hear a lot of market commentators giving authoritative sounding reasons for what the market is doing, and what it should do next.
These explanations typically get into the complex intra-market correlations of; the price of Oil, interest rates, the impact of tariffs, the supply of precious metals, the strength of the US Dollar and so on.
These explanations sound like someone analyzing a “Rube Goldberg Machine” and explaining why each piece is there and how it all fits together.
But it’s nonsense of course! A Rube Goldberg machine is intentionally over-complex and none of the parts make sense.
It is as if the market were a complex machine, with moving parts that have a specific purpose, that work together in a predictable way with a predictable outcome. It is not!
There is a simple way to observe the market, to understand what actually is happening, and to participate in a probable outcome.
In the latest video, I give an update on my analysis of what is actually happening and what to watch for next.
Take care, trade safe and be sure to leave your comments.