The “fractal” that I have been discussing for quite a while for subscribers, and posted twice in this space has been remarkably prescient in forecasting not only the recent decline off the highs but the shape of each leg. Eventually the fractal stops working. It’s done its job, but if it continues to follow the forecast, look for lower prices and for the stock market to unravel very quickly. 

If you are avoiding jumping into wild, unpredictable, live wire trades and are looking for the highest probability moves that get lost in the endless babble of the “gurus” and so called talking heads, check this out. I designed it to cut out the BS and get me right to the trades I would recommend to my family. click here.

On the other side the stocks I mentioned for longs if we see the opportunity have done well. Particularly APPLE. Though Starbux has the more attractive pattern at this point, and watching closely (see the chart above). JP Morgan is going to be the most interesting as a return to strength in this stock would signal a buy, and very likely a general stock market rally. So I’m still watching these 3 closely. If they fail, watch out. If JP Morgan particularly can right the ship, it’s bullish. 

Thanks,

Joe