Investors around the world are counting down for the Israel attack against Iran, to see how it will impact the international oil markets, and how much bigger the conflict in the Middle East will get.

It’s coming any day now and after it does people will be counting down for the US Presidential election in November.

Meanwhile, we have seen some wild moves in the markets this year, but nothing may beat what the Chinese stock market has done this month. The stock market in China simply soared last month once it’s central bank announced the equivalent of interest rate cuts.

It’s stock market, though, came out of a stage one base and rocketed up, as you can see from the FXI ETF, but this week it pulled back sharply.

So, what is next?

Take a look at the Bollinger Band width indicator on the bottom of the chart.

It was below 10 a month ago and jumped all the way above 50.

It did that because the price volatility exploded.

When that happens like this typically volatility will contract for several weeks.

So, look for the Bollinger Band width indicator to come back down to take back at least half of its gains.

That means the Chinese stock market is likely to simply go sideways for the next few weeks, before making another sustainable move.

If you were paying attention to my updates in March, you saw this happen with gold and silver back then.

No “AI” was used to write this email or edit it.

In an internet where so much is phony and fake, as of today, 9,753 real people subscribe to this email newsletter.

And…..

No one wants to think about this.

Or this….

To believe that you can get into trading and win by opening up a Robinhood app and watching some Youtube videos, without reading or studying anything for real, is insane.

And yet, this is exactly what Bitcoin gurus have taught millions of people who have gotten into the markets since 2020 to think they can do. They are speaking to people with low comprehension skills who are financially illiterate.

The dumb money in the markets is the real opportunity to make money off when the time is right, but if all you do is listen to the Bitcoin gurus you don’t know anything.

-Mike

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