Brexit Is Only the Catalyst – The Market Is in Bad Shape
I have been writing about the underlying trends and technical indicators that have been signaling that this market is in bad shape. It has just been propped up. There are a long list of catalysts that can take the stock market down. Great Britain leaving the EU is just one of them. In addition, it is too early to say what the long-term effect could be. The bottom line is that the global economy and markets are walking on a tightrope with not much room for error. A move like this one destabilizes the overall balance.
I wanted to share a few resources with you.
This was a piece that I wrote last August about a pattern the Dow Jones Industrial Average was in. http://prudentmoney.com/2-potentially-dangerous-patterns-the-dow-jones-is-following/
Then this is part of a client letter that I wrote about other indicators that are suggesting we are about to go through a difficult time in the stock market.
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