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We need to look at the major charts and see what’s happening.
First, let’s look the S&P 500:
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About 2 weeks ago we had a nice bull flag that took us up around 30 points from around 980.
But now we have a bull flag failure from Friday and now we’ve just penetrated Thursday’s low. If you have any bull flag trades still on, tighten up your stops.
 Now let’s look at the Nasdaq:
Same story here … Thursday’s low has been taken out and we’re still lower than Thursday’s low. That is bearish.
 And finally how about the Dow:
Well, this is a bit different as Thursday’s low is still holding. When all three of these markets capitulate, then we should be in for a good ride down.
 Folks, we’ve had a great run up, fuelled by what I consider to be spurious reasons and an unspectacular earnings season. My instinct is telling me that we’re due a big run to the downside and I don’t want you caught with your pants down if you’re currently long. There are still more bull flags out there than bear flags, but just be patient for the bear flags to form. If we are going down, then there’ll be plenty of opportunities.
All the best,
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What exactly I am researching and implementing today with marketing and investing strategies in my global business
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