Stocks remain range bound (blue lines0 but they are struggling to break above resistance (red line). This doesn’t bode well for the bulls. If stocks can’t even break above resistance, the odds of a breakout and new bull run to the upside are minimal.
This isn’t too much of a surprise…
At the end of the day, the bull market ended in mid-2018. This rally from the December 2018 lows was just a failed backtest to reclaim its trendline.
The chart is VERY clear, we’re going to 2,400 in the next six months.
The time to prepare for this is NOW before it happens.
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.
Today is the last day this report will be available to the general public.
To pick up one of the last remaining copies…
Chief Market Strategist
Phoenix Capital Research