The stocks futures markets are off the lows from last week as traders are playing for the usual Monday rally.

However, the fact remains that the technical damage from last week’s breakdown has been SEVERE. Stocks even violated the “neckline” on the Head and Shoulders pattern they’ve carved out since early 2014.

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In the very simplest of terms, stocks need to go almost vertical RIGHT NOW if the bull market started 2009 is not over.

I cannot stress this enough: stocks are in BIG trouble.

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Best Regards

Graham Summers

Phoenix Capital Research