... Makings of a Truly Violent Move Here (?????)

  1. dub
    28,748 Posts.
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    jfi

    We Have the Makings of a Truly VIOLENT Move Here

    The stock market is preparing for a truly violent move.

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    First and foremost, volume has slowed to a trickle. Two of the last four days saw trading volume at their absolute lowest since late September 2018: right before the last market meltdown started.
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    This is occurring right as the S&P 500 nears the completion of the bearish rising wedge formation that has been building since the December bottom.
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    Anytime you have declining volume right as a major technical pattern is completing, you have the makings of a truly VIOLENT move.

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    When you combine all of the above with the fact Russell 2000, which usually leads the broader market, has already broken down, it looks like a nasty drop is coming soon.
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    How nasty?


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    Think 2,300 on the S&P 500 in a matter of weeks.
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    You've been warned...



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    jfi

    dub
 
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