Technical patterns

This chart is from stockcharts.com (click on the chart to enlarge it).

The message is clear. The S&P 500 declined below the 12-month moving average. The last time it happened was in 2008. The message is clear. Time to be cautious according to this indicator.

Time will tell.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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