The world is a vampire
— Smashing Pumpkins, Bullet With Butterfly Wings
Markets around the world have begun corrections after hitting weekly DeMark Sequential (TM) sell signals. This would imply a more serious correction for the US market, as well.
The Nikkei is undergoing the most severe correction…
Source: All Charts Courtesy Bloomberg
…but European markets have begun correcting as well…
…as have Latin American markets. The US and Latin American markets are the two that have "overshot" the Sequential Weekly sell signals. I’m not sure if this means the correction will be more or less severe than in Asia.
