The market is on the verge of something serious.
For months we’ve been climbing steadily in a tighter range. Stocks have been BEYOND overbought having gone 300 days without even a 3% pullback.
This latest move has formed a sharp rising wedge pattern that has just broken out to the downside. Stocks need to SERIOUSLY reverse and go parabolic here or the trend has changed.
The pattern has occurred at the very tip of an even larger 2-year rising wedge pattern (purple lines). The first downside target is the lower purple line at 2,500 on the S&P 500. But if this larger rising wedge pattern breaks then 2,125 is in play.
Yes, 2,125.
And if things get truly nasty, the following chart needs no explanation.
A Crash is coming…
And smart investors will use it to make literal fortunes from it.
We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.
We have reopened this report to the public by one week based on what is happening in stocks today, but after that, we are closing the doors on this offer.
To pick up one of the last remaining copies…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
