Good morning. US futures may be slightly red. But I believe this...

Good morning.

US futures may be slightly red. But I believe this is not of any concern.

A few days ago, I mentioned the market will run post G20 news, but will be hammered hard for a couple of days before breaking up again. So far it happened; and if you note the 1600pt (%6 drop) hammering was over a tweet (800pts) and arrest of a person who suddenly became important (800pt), and the arrest coincidentally became media news 5 days after the arrest itself!!!

This pattern almost always happens post good news. Big boys de-risk before the event, but at the same time they should never miss a run (Hence the hammering).

DJI chart shows a nice long tail. It recovered most of its massive day losses, and there is also a gap above.

IMO here is what will happen today: ASX may initially remain flat or even go lower. But reverses for another run either today or Monday. Buy time IMO.