Last week’s low took out the prior low. The market has been making lower highs and lower lows for over 5 months. That’s a bear market in my book, the Wall Street captured media’s stupid 20% rule notwithstanding.
The breakdown of the top pattern has a conventional measured move price target of xxxx (non subscribers click here to access).. That’s just for this first leg of the bear market.
Intermediate cycle projections point to xxxx (non subscribers click here to access).
A break of xxxx (non subscribers click here to access) should signal acceleration of the crash.
These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.