09/12/2024
The market has been on a rising trend for 30 days. People have become accustomed to the current price levels for quite a while. Small swing traders are making a decent amount of money. Leverage players are starting to catch the rhythm and become less fearful.
Last week, with the coup event in Syria starting, it ended yesterday with the result that Syria has completely fallen into the hands of Western proxy forces. I am quite concerned because any developments in the Middle East can trigger significant reactions in all types of markets such as Gold, oil, stocks, crypto,... It's not just a regime change. It's a shift in the balance of power and influence in the Middle East. Iran is in a bad position, the Islamic resistance axis has lost a supply route to Lebanon and Gaza. Russia has lost its strategic position in the Mediterranean region. The BRICS economic bloc has lost influence in the world's oil hub.
If bad news is not enough to impact the market, the only reason is that it is not the right time.
Personally, I feel that after about a week, it will also be the time for the FOMC meeting regarding interest rate cuts. A perfect moment if a substantial adjustment is needed. What do people think will shake the market, sweeping everything away like a level 17 storm?
Perhaps the US-Israel coalition will openly conduct a "counter-terrorism" campaign in Syria after Russia and Iran have withdrawn. Oil prices will rise due to war information, and the FOMC will have a reason to stop lowering rates. It will be very interesting...
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