THE BOTTOM FELL OUT: Market Support Just Crumbled

• ITM Trading Streamed live on Oct 25, 2018
  We’ve been watching quite a few pattern shifts over the last year or so. These were warning us that a market breakdown was in the works. Over the last few weeks, it’s become more apparent as most stock market indexes are below the beginning of the year levels. We got that warning on October 3rd when interest rates broke out to the upside and now US stock markets have broken to the downside. But it’s not just that they’re lower than they were at the beginning of the year, they’ve broken below the 200-day moving average, a key technical level that has not been pervasively breached since 2016. For me, this is an ominous sign.

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