The market is now on very thin ice.
Yesterday worked off some of the “oversold” status for stocks, but we are in extremely dangerous territory today.
The S&P 500 has taken out critical support (red line) as well as the bull market trending running back to early November (blue line).
More concerning for the bulls: bank stocks, which lead to the upside, are now leading to the downside. It looks as though the ENTIRE move in the markets since election night is going to unwind.
This is a major wake up call, I hope you’re paying attention. The markets have rallied on hype and hope of the economy roaring back to life… but that's not coming for another 12 months (at the earliest.
Stocks partied hard starting election night. Now comes the hangover.
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.
We are giving away just 99 copies of this report for FREE to the public.
We're down the last 9.
To pick up yours, swing by:
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
via http://ift.tt/2mTYejo Phoenix Capital Research