The markets are now in serious trouble.
Friday’s collapse was just a taste of what I think is coming.
Stocks dropped over 2% in a single day with the S&P 500 falling to test support in the trading range I’ve been tracking.
We are due for a bounce on Monday, but the momentum is now DOWN. We are likely to find stocks down in the 2700s shortly. That is CRITICAL support (red line in the chart below). And that is where we’ll get a decent bounce.
However, the big picture is looking worse and worse for the stock market. Given what’s happening globally, I think there is a solid chance that stocks will find their way down to the lower blue line in the expanding pattern I’ve been tracking since mid-2018.
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.
Today is the last day this report will be available to the general public.
To pick up one of the last remaining copies…
www.phoenixcapitalmarketing.com/stockmarketcrash.html
Best Regards
Graham Summers
Chief Market Strategist