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Stock Market on Verge of Major Breakdown
Monday, July 6, 2015 5:52
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Written by Erik McCurdy, Prometheus Market Insight
In early June, we noted that the historic stock market bubble had begun to exhibit early signs of weakness, suggesting that the bull market from 2009 was becoming susceptible to a long-term reversal. Two days later, the short-term uptrend experienced a meaningful breakdown when the S&P 500 index closed well below support at the lower boundary of a rising wedge formation on the daily chart.
Source: http://econintersect.com/b2evolution/blog3.php/2015/06/30/stock-market-on-verge-of-major-breakdown
