Last week, I posted this warning:
Technical signs of an intermediate bottom forming have broken, and cycle projections now point lower. Multiple failed buy signals mean that the market is currently more vulnerable to a crash than has been the case for a long time. Watch out if the market breaks down on Monday. Non subscribers click here to access.
That worst case scenario appeared to be in the process of being actualized last week. But with a Fed meeting on tap, this morning there’s been some pre-emptive nibbling and short covering. Non subscribers click here to access.
Despite that, the outlook remains in a range from mildly negative to possible crash. Here’s the supporting evidence, and specific projections for likely time frames and price ranges for the next bottom. Non subscribers click here to access.
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.