February 20, 2018
Buckle Up: Stocks Are About to Begin “The Next Leg Down.”
Major declines follow a distinct pattern:
1) The initial drop.
2) The bounce.
3) The final collapse.
This recent market meltdown has followed this pattern perfectly. As I write this, the markets have completed numbers 1 and 2. They will begin #3 today.
The S&P 500 has bounced right into former support.
A rejection here will lead to a sell-off into the true "panic
low."The downside target here is around the blue circle.
Chief Market Strategist DHF.
George Town. Cayman Islands.