With continued uncertainty in global stock markets, today top Citi analyst Tom Fitzpatrick sent the following chart to King World News. It warns the public may indeed get squeezed out of their short positions if the S&P breaks solidly above 1,950.
As shown on the chart, the current patten is similar to the formation from August to October of last year that resulted in a surge in stocks. The bottom line is the bears need to keep a close action on the action in the S&P, in particular the 1,950 level.
***KWN has now released the extraordinary audio interview with Dr. Marc Faber, where he discusses the greatest threat to the world, his stunning predictions for the rest of 2016, gold, and what investors can do with their money right now, and you can access it by CLICKING HERE OR ON THE IMAGE BELOW.
Also, the long awaited audio interview with London metals trader Andrew Maguire has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO RELEASED: Trouble In Europe And What Has Gold & Silver On The Move CLICK HERE.
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