Stocks are in serious trouble.

The market has broken the bull rally trendline that supported it since election night.

GPC4317

The bulls now need to ramp the market HARD to reignite stocks here. If they don’t, we could see the market unwind all of the post-election move very quickly.

Unfortunately for the bulls, the RSI signals momentum is gone.

GPC43172

Buckle up…

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Best Regards

Graham Summers
Chief Market Strategist
Phoenix Capital Research