This week on a technical chart basis the SP500 Index flashed a major sell signal.
This is a chart I maintain at stockcharts.com
The signal is in the right upper corner of the chart.
Refer to details in the chart below re the signals.
Note how few of these major signals have been signalled in the past 14 years.
The only thing that might quickly reverse this signal is the US Federal Reserve kicking in with QE4.
This is a big chart. Click the chart to enlarge.
Try to view on a large computer screen. A smartphone or tablet screen is to small.
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