It Might Not Be Time to Buy Stocks Yet. This Technical Analyst Sees the Market Going Even Lower.

2 weeks ago 8

The large U.S. banal marketplace indexes person mislaid astir 12% to 25% this year, a achy setback aft 2 years of gains. Time to buy? Not truthful fast, based connected a method investigation of existent marketplace conditions.

Andrew Addison, a seasoned marketplace technician, proprietor of the Institutional View probe service, and a sometime contributor to Barron’s, sees much downside up for the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite, fixed the dearth of stocks resisting this year’s selling pressure.


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