The stock market is preparing for a truly violent move.
First and foremost, volume has slowed to a trickle. Two of the last four days saw trading volume at their absolute lowest since late September 2018: right before the last market meltdown started.
This is occurring right as the S&P 500 nears the completion of the bearish rising wedge formation that has been building since the December bottom.
Anytime you have declining volume right as a major technical pattern is completing, you have the makings of a truly VIOLENT move.
When you combine all of the above with the fact Russell 2000, which usually leads the broader market, has already broken down, it looks like a nasty drop is coming soon.
How nasty?
Think 2,300 on the S&P 500 in a matter of weeks.
You’ve been warned…
On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike when the Everything Bubble bursts.
It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here.
https://phoenixcapitalmarketing.com/TEB.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
