The next two weeks will be a bull trap for the market. Money will enter that will maintain the bullish directionality and we will end August with another fall in the markets. All this is just the expectations of The Crazy Dude and with that nickname, you should not be thinking of making any investment using this information.
In the US many people will receive their IRS checks and family assistance for having children. So again there will be money from the small investor in the market. With this injection of money and the help of the large investment funds, the bullish directionality of July will be maintained. But I think that when September approaches, we will return to the downward trend until the FED speaks again and more data is seen that can tell us if the economy is going to suffer the biggest recession or if in the end, the market has already absorbed all the fear and regains an uptrend.
What do you think about the bottom? Was that the bottom of 2022? Will 2023 be worst?
This is my blog, there is no investment fund here. Do your own research before investing your money.
Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
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This post was also published in read.cash by me, The Crazy Dude
