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.

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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.

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Best Regards.

Deo Talaverano.

Chief Market Strategist DHF.

George Town. Cayman Islands.