Global Markets Are Selling Off… What You Need To Know
In a Nutshell
Markets are selling off on geopolitical tensions from US-Iran conflict, with oil above $90 and global bond yields spiking—Japan's 10-year near 3% and US 10-year near 4.8%. The Fed now has a 68% chance of hiking rates at the September 16 meeting, while Trump is signaling restraint to avoid further market disruption. Technical support sits at NASDAQ 700; shorts are being taken on lower highs/lows with intraday exits, while beginners should wait for clear reversals rather than trading at open.
These notes were generated by AI and may contain inaccuracies.
Markets are set to open in 3 hours and 15 minutes for the United States. The speaker is currently in Italy at 12:18 p.m. local time. Today includes a wedding commitment preventing a later update. On the 5-minute timeframe, direction remains bearish with lower highs and lower lows. Yesterday's lows were surpassed, but markets opened with a sell-off, bottomed, then recovered before forming an overbought reversal that was rejected. The primary movements were the sell-off, recovery, and subsequent sell-off. From open to close, markets were relatively flat, with the same pattern occurring currently. QQQ is down half of a percent.
This serves as a reminder for beginners who feel compelled to trade at market open. Patience is essential, allowing the market to establish its direction for the day rather than fearing staying in cash until a genuine opportunity emerges. The preference is for trading either extremely oversold or overbought reversals, as these provide clearer signals for potential upside or downside once price action confirms the move. The approach involves waiting for sufficient opportunity to present itself before taking action.
Live trading sessions normally occur daily at market open when not traveling. Lifetime access requires a one-time payment via the second link in the description, with a current sale available. Over $500 billion has been wiped from Asian markets. The decline stems from escalating US-Iran conflict with both sides launching attacks. An update indicates Trump wants to hold back on further attacks. The assessment is that Trump cannot afford additional uncertainty given that bond yields indicate a high likelihood of a rate hike at the next meeting.
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