#creatorpad
Historically, August has often brought with it a sharp downward spiral in the markets—sometimes it hits early in the month, sometimes midway, and occasionally right at the end. However, from a technical perspective, August also tends to mark a bottom, provided that it isn’t followed by the dreaded “Rektember.” Right now, we seem to be nearing that bottom, assuming no major negative news triggers further panic. If bad news does arrive and we capitulate harder, then August will likely solidify itself as the bottom. On the other hand, if the market stabilizes and recovers without a major drop, Rektember could still bring volatility, though it’s not my strongest expectation at this point.