Stock Market Technicals Nearing ‘Peak, Maximum Financial Risk’

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

I joined Chuck Jaffe from Money Life to talk about the technicals of the stock market.

There is a lot going on beyond the technicals in the markets right now and many of these factors indicate that we are in the late stages of the stock market cycle. Momentum to the upside is slowing down and even as growth stocks are coming to life there is less supporting the overall markets.

In 2020 everyone piled into the market causing a massive euphoric phase. Now we’ve corrected and lost momentum thereby entering into the complacency phase. Typically the next comes a bear market and though we are not there yet if no stimulus arrives to change the current course, this phase is likely where we are heading next.

So, as technical traders, how do we benefit from falling stock prices?

Audio Length: 01:01:39

Disclosure: If you want to know where the market is headed each day and week, well in advance then be sure to join my Pre-Market Video Forecasting service which is  more

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