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Monday, February 26, 2024 8:32:22 PM
By: Marty Armstrong | February 24, 2024
May is a key target in the Dow. If February remains at a high since we have a Directional Change next week, then it is possible to see a decline into May, and if war breaks out, then the capital flows would shift, and that would turn from Europe to the USA. We still must be concerned about Europe imposing capital controls.
The UK has a slightly different pattern from continental Europe. Germany shows a Panic Cycle in June. But the targets are shaping up as May and July. Blending in gold, January was a high, and Feb has retested support, yet softly. Volatility should rise now going into March, and April 19/20th is the ECM turning point of the Ukraine/Russia War, followed by the main ECM target of May 7th. Here, too, we see rising volatility in gold from May into August, with a Panic Cycle in September and the peak in volatility in November probably related to the 2024 election.
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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