Financial Market Forecast (and Europeans’) – Expect the Un-expected – Update 08-03-2010

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower

I did go back and highlighted something in my August 2nd post, as of you have sent in questions, about my analysis of the markets. Plus you ought to read my charts, as well. The price action of Tuesday US Markets is important.

I have not removed my sell-off prediction, yet. It shall be voided once we clear the resistance, and test it as support and then rally at higher volume.

Monday’s volume was one of the lightest volume (it was even lighter than Friday’s sell off). Thus smart money wasn’t buying on Monday. Plus price action of the most of the leaders of the market were not in tandem, with the market, thus divergence.