Hi friends,

My opinion about the indices is well known, but yesterday we might all saw the technical trigger for my view.

Yesterday, ALL indices created a falling knife candle pattern which on market tops represents a trend reversal. Add to that the bearish weekly divergences we have, add the fundamental bearish pressure worldwide, add bombing bond markets and you get well ticking BOMB on the stock market, that might be exploded any day.

I won’t be that dramatically, but I do think this technical calls yesterday is a trigger for the bearish wave I am talking about for few weeks now. I am not convinced though that this is the top before the historical crash that will come after all this financial experiment ends, but I do this it’s time for some bears to back into the forex market and all other financial markets .

Here is the pattern we got:

Click Here

I won’t share all other indices as the candle pattern is pretty much the same.

If you remember, I posed on May 14th this year a post about the Nasdaq, here it is: Click Here

Time will tell, if that’s a beginning of something huge, or just a small natural correction, or in other words, the first bears visit before they control the market again.

Wish you a good successful trading

Yours,

Vladimir Ribakov

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