Important financial market reversals "triggered" ?
Warned earlier in the week that downside resolutions of multi-month wedges in both the a$ and FXI (China equity etf) were favored, as the nearer term downside patterns were not “complete”. Also said that these markets were potential “trigger” for a potential for a “domino” effect across most financial markets, as these patterns generally resolve sharply (down in this case), and the high correlations/inverse correlations across most financial markets. Both the a$ and the fxi have indeed broken