Stocks Are in BIG Trouble

By Graham Summers
GoldSeek.com
Friday, 8 January 2016

Stocks are rallying into the open. However, the technical damage of the last week has been severe.

The S&P 500 crashed through its trendline (blue line). It also crashed through critical support established by the bounces in September and October (green line).

We might get a bounce here to retest that green line, but unless a major Central Bank launches a new monetary program stocks are heading DOWN.

Indeed, in the BIG Picture it looks more and more like the bull market for stocks is over. The last hope for the bulls is that we hold critical support on the monthly S&P 500 (the green line). Otherwise it’s GAME OVER.

The Rest…HERE

This entry was posted on Friday, January 8th, 2016 at 3:27 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.