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Two Charts Every Trader Needs to See (and a Bonus Chart for Long-Term Investors)

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Oil is slamming up against resistance.

 

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The odds favor a correction here, probably to the $38-39 area.

 

This, in turn, would drag on stocks. $38 Oil would pull the S&P 500 to the mid-2000s (probably 2,040).

 

GPC817162.png

 

At that point it'd be time to reassess the markets. The fact is that this rally has come too far too fast. The odds favor at least a 5% if not a 10% correction here.

 

Long-term, we believe the S&P 500 will break below 600. This will take time to unfold, but we’re going there eventually…

 

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We are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.

 

In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

 

We are giving away just 1,000 copies of this report for FREE to the public.

 

To pick up yours, swing by:

 

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

 

Best Regards

 

Graham Summers

 

Chief Market Strategist

 

Phoenix Capital Research

 

 

 

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