Review of Previous Idea and What HappenedUS SPX 500OANDA:SPX500USDyuchaosngIn this video, I review the previous idea where I thought that the market will crash on the last 2 days of July. I brought up 2 main points to argue for the market crash: 1. FOMC increase target interest rates by 25 BPs, causing volatility. 2. BOJ increase rates accordingly to defend the Yen. The above 2 events did not happen as expected. And in my previous video, I briefly mention what happen if these 2 scenarios did not play out: 1. Monetizing of US treasuries in order to keep the yields down. 2. But the impact is USD weakening. 3. Chances of asset bubble ballooning even further. As we can see for now, 2 weeks after my previous post, USD did go down (against precious metals, Gold in particular). S&P500 made new high. In this video, I really just want to re-emphasize that the fundamentals don't change: 1. No one wants US treasuries anymore. 2. USD is losing ground. 3. The US debt is unsustainable and may cause a vicious cycle with US treasury yields continued rise if Trump administration still think that the stock market is what really matters and keeps pushing it up without regards for probable inflation due to asset bubble slipping down to the real economy. 4. I will still be mainly shorting in a strategic sense but will be looking only at low-risk entry points based mainly on resistance (Elliott Waves is not effective in this environment where there are no natural buyers and sellers and thus no herding behavior). As usual, remember this: 1. Strong opinion, weakly held. 2. Keep your risk tight. Lastly, Good luck!