Next two weeks: Next Global Crisis

This has been some year so far-- a global pandemic, protests calling for freedom from restrictions, and protests calling for sweeping reforms to long-standing injustices.  There has been economic upheaval and job losses at a record rate.  Crisis of some type is almost a background new normal, it would seem.  Yet, somehow, over the next few weeks, something is likely to break above our new threshold of "normal crises."

Looking at the mood pattern for the next two weeks, the telltale signature for global or governmental crisis has reappeared.  Once again the Manic and Controlled lines on the chart below can be seen moving together instead of in opposition which is the norm.  It would not be concerning with Manic on top, except that an inversion condition is currently in play making what would be a "government intervention in a crisis" pattern into a two to three week long "global or governmental crisis" pattern.

While this crisis period could be about anything or several things, if a crisis develops in the week ending June 26 it's more likely to be geopolitical or global (due to Expansive being low in this inverted condition).  For the week ending July 3, it would more likely be domestic or economic (due to Vulnerable being low in this inverted condition). Geospatial analysis for the U.S. for June 28 - July 6 was inconclusive.  However, it did show a higher risk for the Southwestern U.S., IF there is a specific destructive event within the U.S.

The roller coaster of 2020 has been resetting, slowly climbing to the top of the next peak.  We're about to experience the next intense drop.  It will likely leave us somewhat shocked and surprised once again.  Get ready... here we go!

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."