On analysis of the movements of the S&P 500, US Dollar, WTI Crude, and Gold futures, I find that this collective slide looks evident enough to show the primary symptoms of the next crash in global equity markets. The S&P 500 futures could nosedive anytime during December; since constant rejection above 3655 from the last four trading sessions.
On the other hand, prevailing bearishness pushed the gold futures below $1,792, while the WTI crude oil futures have crossed the level of $45 amid hopes of speedy economic recovery. All these uneven developments have only extended the level of uncertainty which could result in some odd moves in global equity markets very soon.
A sudden steep fall in gold prices looks evident enough to reflect the weakening risk appetite across markets while on the other constant a sliding dollar confirms that the global equity markets look ripe enough for a sudden meltdown. I find that before a steep fall, the S&P 500 Futures could once again retest their recent highs, even could new peak levels.
Extreme exhaustion could follow this sudden surge if we find it during the first week of December. There is no doubt that this will be the advent of a recessionary phase shortly. The current prevailing uncertainty could lead to the next market crash before Christmas.
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