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Is the Market About to Post A Major Top?

Published 06/26/2017, 09:27 AM
Updated 07/09/2023, 06:31 AM

The market has been sending “topping” signals for weeks now.

They include:

  1. Fewer and fewer companies participating in the rally.
  2. High yield credit, which leads stocks, rolling over.
  3. Weakening momentum.
  4. Dwindling volume.
  5. Market leaders (the big 5 Tech) beginning to correct.

Now the big move is coming. The S&P 500 is completing a massive bearish rising wedge formation.

SPX S&P 500 Daily

Technically, this pattern could break either up or down, but with the Federal Reserve now aggressively hiking interest rates AND draining liquidity from the system to the tune of $10 billion per month, we could very well see some fireworks to the downside.

SPX S&P 500 WeeklyA Crash is coming…

And smart investors will use it to make literal fortunes from it.

Latest comments

A correction but not a crash. You have absolutely nothing to support your claim.
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