Downtrend – August 23, 2015

After being in an uptrend since mid February for an unprecedented six months, the market went into a downtrend on Friday after a massive down week. Despite being in an uptrend the market has been very choppy all summer. There is a massive bear market coming, but is this the start of it or just another bump on the markets way to its final top? No one knows for sure, so follow what the market. Make sure you exit your positions while they are still profitable and hold off any new purchases until the market is in a new uptrend.

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