10/15/2018 – A negative day with the Dow Jones down 90 points (-0.35%) and the Nasdaq down 66 points (-0.88%)
For weeks we have been warning you that the market was about to move. Does last week qualify? If you would like to find out what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here
So, just how fast can the stock market find itself at 2016 lows?
I know, I know. Most bullish market participants (most investors today) are laughing at me right about now. What in the world are you talking about Alex? This is just a small correction, the bull is still intact, earnings are surging, MAGA, etc……
Humor me for a second.
Stocks Bounce… Then Comes the REAL Collapse
This line is of TREMENDOUS importance as it has acted as critical support ever since this last bull market began in early 2016. The fact that it required this many trader games and manipulations to reclaim it on Friday tells us that stocks are in SERIOUS trouble.
So while it’s likely we’ll get a relief bounce this week (it is options expiration week, which usually features a rally of some sort), the fact remains that unless a MAJOR rally begins now, there are nothing but air pockets from here down to 2,400 on the S&P 500.
There is another much more important support level for the market. And no, it is not on the S&P, the Nasdaq or even the Dow. It is located on the NYA. We spoke about it in our weekly update to our members over the weekend Click Here
In short, should that support level fail, the stock market might find itself at 2016 levels in a fashion that will take your breath away.
Can such a move develop?
You no longer have to guess. If you would like to find out what the stock market will do next, in both price and time, and based on our timing and mathematical work, please Click Here.