 Did you read about the crash warnings? There is a if you look at the Dow Jones, and that's what the news that is spreading already yesterday and today They there was an author looking at the Dow Jones Year-to-date at the chart and they overlaid this chart with the Dow Jones chart of the year 1987 and he found out that wow, it's almost exactly the same chart and what followed in 1987 in October was a big massive crash So is that about to repeat itself is history repeating itself? I don't think so the Federal Reserve has indicated that they want to hike rates in December. Yes, but they didn't really Say that they will they only said that they might they prepared the markets that there is a higher probability That they will but they didn't do it yet Didn't say that they will and so shoot markets really drift lower They will open the floodgates of money again and stabilize the Equity markets again. So plunge protection team is active and ready. So do not underestimate that factor But that said that being said there might be a correction coming in equity markets They are sell sickness on Wall Street actually so several hundred points in the Dow Jones. Yes, but a crash I don't think so. I Would rather say that from a contrarian standpoint It is very positive that once the Dow Jones goes down a little Which it did is not a major correction by now as soon as it goes down a little All of a sudden and immediately there are crash Focuss in the markets and that is from a contrarian sentiment perspective It's really positive if you look at private investors and their sentiment in the United States If you look at the American association of individual investors, you find out that they are very bearish very bearish They are not in the market. So if they miss the correction and to enter the correction They might miss the ball and might miss a rally coming that is at least what the Seasonality and cyclicality of the markets tell us because we are in an election year Trump is actually 11 percentage points behind Hillary Clinton's very hard for him to Gain crowned and actually win the election at least that's what the polls indicate So we are in an election year and normally in such an election year Markets form a major bottom a major low in October. So right now where we are right now Markets might form a major low and then normally until the end of the year they Go into a strong rally If you look at the seasonality We are in Germany. So I'm looking very strongly at the DAX DAX normally in from a seasonal standpoint also forms a low in October so Now we have that correction. There might be a low coming and all of a sudden there is very very sentiment crash forecast in the market which in Taken together is really a positive signal from a contrarian standpoint So if you are trading the DAX it is actually has not really managed to break above 10,707 points it is trying to actually Stabilize itself and the Dow Jones as well at the lows of yesterday Should it break lower below the lows of yesterday? There might be a correction coming until 9,973 points. That's the target of a technical double top formation So that target of 9,973 is active as long as the DAX stays below 10,707 so another market you should watch today is print crude oil Take a look at that if it goes above fifty two dollars on a weekly closing basis It would activate an inverted head and shoulders pattern There would be a bottom information which has formed over the duration of the past one and a half years and Yeah, if it goes above fifty two dollars on a weekly closing basis It would trigger that inverted head on shoulders pattern and would activate a target above seventy dollars until the I guess there's something for you 2017 so that is very interesting watch print crude oil and watch the equity markets closely these days and so luckily now The show behind me has ended so 70 dollars and above that would be the print crude target if print goes up above 52 on a weekly closing basis, which is half nine tonight So watch that and watch the equity markets for a potential cyclical and seasonal low about to come