The market has fallen into a pattern since peaking exactly one year ago on May 20, 2015. It grinds sideways in a gradually declining trend for a couple of months, then it heads quickly lower over a waterfall, it spends about a month working to get its footing, then it rallies its way back higher for a month or two. Over the past month, we have been grinding sideways in a gradually declining trend. If this recent pattern holds, the next stock market waterfall may be right around the next bend.
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