MM Weekly Outlook: Entering Global Crisis Mode

Dr. Cari Bourette By

This week we were watching the horizon for an approaching season of crises.  Next week, per the sentiment pattern in the chart below, a season of "global crisis mode" should be apparent, at least for a couple of weeks. Both the weekly and daily MMI vs. S&P 500 charts are still looking for a move towards 5700 (SPX cash) or even lower.  

There is no MMI daily directional call for the weekend (Monday RTH open), and likely none for Monday as well.  The MMI2 chart is still not giving a hint that the market is ready to do anything extreme, but it's uses a dynamic model and will adapt as the market moves.  Bottom line-- don't be complacent here, stuffs getting ready to start happening.
Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."

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