For those of you who are into patterns, this chart may be a bit jarring. It comes from an excellent presentation on the state of the markets published by JP Morgan Funds’ David Kelly.
From the looks of it, we’re due for a big downward move in the stock market. Last week, experts like John Mauldin and Vitaly Katsenelson have forecasted that a downward move is coming for the current secular bear or sideways market.
Photo: JP Morgan Funds