Mkts had a great week until FOMC meeting where they announced “NO QE3” which so many analysts thought we would get…. and after Wednesday markets started to tank down hard with -2.3% on Thursday and a mini bounce on Friday before weekend just above critical supports.

Mkts imo started a potential “crash type of move” on Thursday with the -2.3% down day which I think is a warm up day for what we are going to see. It is very possible that it will start further on Monday next week with next week being potentially one of the worst weeks of the year for markets.

1. Markets is at critical supports on all major markets (right above necklines) which is about to breakdown ,, same with copper – a breakdown is imminent imo

2. The monthly chart candlestick they need to push hard down into end of month imo this is only just starting and I think next week we are going to see something very nasty for markets, hysteria and panic will set in.

3. DAX hit MA50 and kissed it goodbye + forming a potential top hs pattern on daily chart,, this also suggest a big move down coming in mkts from here.

4. AAPL closes right above MA50 ,, which will breakdown next week and then AAPL will dive hard imo on a 3rd move lower.

5. REMEMBER – I think is VERY likely mkts could start to crash from the last week of June and by Mid July ,, so if we dont crash next week , I still see the weeks from early June to mid June extremely bearish..

All in all , times , charts, patterns and cycles is telling me that the “potential crash” or big sell off might start next week we got full into shorts via TZA/UVXY after Wednesday and so far so good (at SPX 1355s).

All in all ,, my thesis tells me that the most bearish of this summer will happend from next week until mid July , so lets see how it plays out 🙂 !

Nigel Farage