Is the Stock Market Making a Major Top?


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Is the Stock Market Making a Major Top?

-- Published: Monday, 26 June 2017 | Print | Disqus

By Graham Summers

The market has been sending “topping” signals for weeks now.

They include:

1) Fewer and fewer companies participating in the rally.

2) High yield credit, which leads stocks, rolling over.

3) Weakening momentum.

4) Dwindling volume.

5) Market leaders (the big 5 Tech) beginning to correct.

Now the big move is coming. The S&P 500 is completing a massive bearish rising wedge formation.

Technically, this pattern could break either up or down, but with the Federal Reserve now aggressively hiking interest rates AND draining liquidity from the system to the tune of $10 billion per month, we could very well see some fireworks to the downside.

A Crash is coming…

And smart investors will use it to make literal fortunes from it.

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

http://phoenixcapitalresearch.com/

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-- Published: Monday, 26 June 2017 | E-Mail | Print | Source: GoldSeek.com

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