By Jeff Clark in Growth Stock Wire:
The ominous sell signal I wrote about a couple weeks ago finally triggered yesterday. The rally off of the March lows is over, and the intermediate term trend for stocks is now lower.
The S&P 500 broke down from its bearish rising-wedge formation yesterday. And after a brief bounce to relieve the short-term oversold condition, the index should continue to the downside. Here's an updated chart...
Read full article (bearish chart included)...
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