Now is the time to be a contrarian investor before it’s too late. Today’s selloff broke the 200-day moving average barrier (a popular longer-term trend line). Moreover, this is the third downside rollover, a highly negative indicator. Below is the updated graph from this article:
So, what to do? Be bearish, and that means being a full-fledged contrarian. Ignore any positive media articles because the now-obvious stock market decline could quickly darken the mood and outlooks.
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