Why You Shouldn't Discount the Latest Sell Signals

Of course, the SMA crossover is just now confirming what the ETF Profit Strategy Newsletter predicted back in April, when it stated that "the pieces are in place for a major decline. Historically, there's rarely been a more pronounced sell signal."

This sell signal has certainly proven true and is now compounded by the message conveyed by the 200-day SMA. Currently in progress is the development of a rare chart formation that suggests a drastic price reduction in the very near future.

This chart formation provides two very distinct target areas for the market to be reached.

A look at the general weakness still evident in the overall economy (unemployment, consumer spending, etc.) and in the real-estate market certainly enhances the bearish technical message.

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The ETF Profit Strategy Newsletter includes a detailed short, mid and long-term forecast along with the one chart that outlines the market's path ahead.