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By: Marty Armstrong | July 27, 2021

The Dow is pushing to the upside as we prepare for the Panic Cycle due in August. While Panic Cycles are typically moves that exceed the previous high and penetrates the previous session low, they can also be sharp moves in one direction. For now, it is knocking on heaven's door as it trades sideways holding our Weekly Bearish Reversals...

I repeat, there does not appear to be a major correction on the immediate horizon. Major support lies at the 29000-31000 level. Our extreme projected resistance remains well above the market at 68,000. That appears to be the ultimate end game which is a factor of the rising inflation ahead. The target resistance in August in the Dow stands at 36,565. Exceeding that level may warn of a Panic to the Upside.

Therefore, we must understand that this period the computer has been targeting all year of August-October, appears to be driven by capital flows and the excessive reactions of governments which are destroying their economies at the request of Klau Schwab so he can Build-Back-Better, which obviously means you have to wreck it first.

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