This week wasn’t any easier than the last, with more chaos throughout the markets and more concerns that a recession is surely to come.

So, we’re at a tipping point. In the Dark Window scenario that I’ve been talking about for a year now, a move upward here would be way up – maybe even to 10,000 on the Nasdaq. Conversely, we could find the markets take a bigger break. But right now, we’re in this mini-megaphone pattern recently where we keep making slight highs when we go up but – just our luck – new lows with every down.

At this point we could go either way – 25% up or 25% down, it’s not yet clear.

Surely there’ll be some movement today. Fed Chair Jerome Powell spoke in the morning while we were filming, and markets are likely to move in one direction or another based on the reaction to his comments. And there’s still China to worry about. A continued standoff bodes poorly for stocks and would be good news for gold. But if we can reach a deal we might see markets start to move up.

But that’s not happening in the short-term. You can take that to the bank. The markets did react downward to Powell’s more muted response today, and gold is knocking at the $1,525 resistance point again. Bond yields are headed down again. This far, same trends which suggest stocks more likely to head lower and gold higher ahead. A break of the June 3 lows in stocks would be more significant for the downside scenario, as would a clear break above $1,540 on gold.

We’ll keep you updated.

Turmoil, Recession Fears, The Dark Window

We’ve had a mini-megaphone pattern going on for a couple years now, says Harry Dent. And right now the markets are about to break one way or the other…and it’s all news dependent. Watch now to find out what you should be looking for in the weeks ahead. Check out Harry’s latest bestseller, Dark Window, here: https://pro.dentresearch.com/m/1142369

Posted by Economy and Markets on Friday, August 23, 2019

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.