W3Schools

The stock market’s technical indicators are suggesting ‘the bottom is in’

In my Sunday (Oct. 21) update, I shared this ominous observation: “The chart constellations suggest that the potential for a mini-crash are elevated if nearby support is broken. Although we are aware of, and monitor, some very bearish outcomes, odds suggest that a mini-crash (drop to 2,700-2,587 points on the S&P 500) would be a low-risk opportunity to go long either for a brief bounce or a year-end rally that will carry back toward 2,900.”

Two days later, my inbox was full with “How did you know?” emails. Here is a brief explanation, and — more importantly — what charts and indicators suggest is next.

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