by Stewart Thomson
1. The US stock market is once again in imminent danger of a major collapse. Please click here now. Double-click to enlarge this disturbing daily chart of the Dow.
2. A rally towards resistance has taken the shape of a bear wedge. The rally failed to even reach that resistance zone, and now there’s an ominous breakout to the downside.
3. The US government has embraced socialism for almost every sector of the economy, except medical care for the nation’s elderly and most vulnerable citizens… during a major virus crisis!
4. The most socialized sector in America is the stock market. Horrifically, even with relentless government propaganda, endless central bank money printing, and rate cut welfare, the stock market can’t do anything except gasp higher in a failed bear wedge pattern.