There’s More Room To Fall

Hold off on this dip. [Jeff Clark's Market Minute]( There’s More Room To Fall By Jeff Clark, editor, Market Minute Investors have done well buying into every small decline in the stock market over the past several months. But, it’s too early to buy into last week’s dip. Let me explain… Recommended Link [The 3 Most Valuable Technologies You’ve Never Heard Of]( [image]( Jeff has done it again… [He just got off the Shubert Theater stage – where he shared his #1 Tech Stock for 2021…]( And revealed the details behind three valuable new technologies Jeff is certain 99% of the public have never heard of. [Click Here to Watch the Presentation Now]( -- Stocks got hit hard last week. The S&P 500 lost 2.5%. It’s sitting right on the [support]( of its 50-day [moving average]( (MA) line. And, many technical indicators are in oversold territory. So, this is a logical place to look for the stock market to bounce. But, any bounce from here is likely to be shallow and short-lived. And, once it’s over, the market has further to fall. Take a look at this 2-hour chart of the S&P 500… Over the past few months, this chart has been forming a [bearish]( rising wedge pattern. Last week, the S&P broke to the downside of this pattern. And, it looks to me like there’s a lot more room for it to fall. It’s typical, though, on wedge patterns, when it's first broken and conditions get oversold, the stock bounces back up towards its former support line – which is now [resistance](. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. So, it’s perfectly reasonable to expect the S&P 500 to bounce a bit this week. Perhaps it can make it back up towards the 3900 level. [How To Retire Rich Off a Single “Boring” Stock]( But, this chart looks bearish to me. Any short-term rally is likely to be followed by a more significant decline. At a minimum, the index is likely headed to the January low near 3700. And, quite possibly, we could see a move down to 3550 before the selling pressure finally washes out. So, don’t get sucked in on any rally attempt early this week. It’s tempting to buy into last week’s decline. “Buying the dip” has been a successful strategy for the past several months. But, it may not work so well this time. The market has further to fall. Best regards and good trading, Jeff Clark Reader Mailbag In today’s mailbag, Delta Report member Bill shares his thoughts on bitcoin… Hi Jeff, I love your clear-headed approach on all your commentary. With all the “helicopter money” now, and more to come, gold is the ultimate protection. Bitcoin is a great idea, but who knows how that’s going to work out when we go to a digital currency. Please keep up the good work you do. I certainly profit monetarily and intellectually. Thanks again. – Bill Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming – and send us any questions – at feedback@jeffclarktrader.com. In Case You Missed It… [Biden Set To Trigger Major Devaluation of the U.S. Dollar]( The U.S. dollar is in free fall and many analysts are predicting the crash will continue under President Biden. Banks across the country are already preparing. The agency that regulates all banks in the U.S. issued [this new rule that will change everything](. If you have money in the bank… [Click here to see what’s happening to our banking system and how to prepare.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Gold Investor’s Guide]( [image]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [image]( [How to Earn Free Bitcoin]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2021 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](