STOCKS ARE VERY LIKELY SHIFTING INTO A SIGNIFICANT BEAR PHASE
Steven VincentJust now--
Major support breaks are looming on many charts
STOCKS ARE VERY LIKELY SHIFTING INTO A SIGNIFICANT BEAR PHASE
Major support breaks are looming on many charts
The largely sideways patterns seen on stock index charts since at least October have very probably amounted to a 5 month long distribution top. This week was do or die for MAG7 and other charts, and after Nvidia earnings on Wednesday, it appears the answer is DIE. Repeated kick saves have kept the bears out of the net, but it will take one more miracle recovery rally to keep a full bear market decline from beginning next week…