The technical damage from yesterday has been severe.
Does this mean that stocks won’t bounce? No. But it is a major wake up call to investors that the market is in danger of going lower. MUCH lower.
The Russell 2000 leads the overall market. It is right at support today. If it breaks this line, the market could crash, unwinding the ENTIRE move from November 6 in a matter of days.
This is looking to be the case.
The economically sensitive Dow Jones Transportation Index (DJTA) has already taken out critical support.
This is a major wake up call, I hope you’re paying attention.
Indeed, it’s quite possible that this will mark the beginning of the next financial crisis.
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Subscribers are pouring into this newsletter, to get these kinds of gains.
However, I cannot maintain this kind of track record with thousands of investors following our recommendations.
So tonight at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
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Chief Market Strategist
Phoenix Capital Research