Markets Are Now in the “Picking Up Pennies in Front of a Steam Roller” Stage

The technical damage from last week was pretty severe.

Despite multiple Trump administration interventions… as well as the usual Wall Street ramp jobs for options expiration, the S&P 500 finished the week below its 50-day moving average (DMA).

This will now act as overhead resistance for the market.

The debt markets indicate we might get final push to break above 2,900… but that would be IT as far as this corrective bounce is concerned.

I say “corrective” bounce because the fact is that despite the Trump administration’s best efforts, stocks never reclaimed their long-term bull market trendline. Indeed, this latest bounce ended with a CLEAR REJECTION by this trendline.

Which means… it IS officially a bear market… and the downside target is MUCH lower than most expect (blue line in the chart above).

The time to start preparing for this is NOW, before the move hits.

On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.

In it, we outline the coming collapse will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

As I write this, there are only 11 copies left.

To pick up one of the last remaining copies…

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research