19/07 Week, page-83

I was thinking AUD might bounce from here into reporting season in August and possibly double top at 80c and also create a head and shoulders pattern. The RSI on the daily is pretty oversold.
I agree the destruction of small businesses its a tidal wave.. its not priced into the market because many big companies gained off their loss
The market seems dead as a doornail barring large cap high liquid stocks.. no love in small caps.
The XJO monthly volume has been slighly under par ofr 9 or 10 months with July being the lowest volume in 18 years
What would cause the breakdown of the market?.. northern hemisphere winter covid crash 2 maybe starting around sept / nov (could be mass deaths or politcial unrest or tryrannical lockdowns)

Anyway thats just my amateur hour tea leaf reading.. I aint a day trader like you guys but im getting a bit wary of the market coming to a correction.
This isnt a forecast.. just a potential scenario


AUD/USD


XJO