Are Stocks Headed for New Lows?

"The Line in the Sand" for Stocks… April 29, 2020 UNSUBSCRIBE | ARCHIVES Legendary Tech Prophet Says, "This Is 3x Bigger Than 5G…" Are you too LATE to get rich off of the 5G revolution?   This might surprise you, but…   According to this new video from America's #1 Futurist, you may have missed that boat. At least, missed enough of it to make a fortune.   However, that doesn't mean you're out of luck entirely.   Because the same expert just revealed an opportunity he says could be 3x as big.   He's calling it "15G" — click this link for more details. Just don't miss the hard midnight deadline on Thursday. Are Stocks Headed for New Lows? Dear Money & Crisis Reader, The market is now approaching "the line in the sand" — the 61.8% retracement of the March meltdown. Allow me to explain. A big problem with major market crashes is that they render most technical metrics useless. Meaning whenever the market drops violently, most of the measures that traders use to time when to buy or sell (things like relative strength, MACD, and such), stop working as trading tools. Case in point: Stocks were already extremely oversold in late February 2020, but they dropped another 26%. You can see this in the chart below. The Relative Strength Index (RSI) was well below oversold territory (30) but stocks kept collapsing. Anyone who used RSI to try to pick a bottom in late February got destroyed. For this reason, one of the few technical indicators that remain helpful after a crash are Fibonacci retracements percentages. These are based on the famous Fibonacci ratio (with the exception of the 0.5% which was simply added by traders for its predictive value). The Coronavirus Lie? Your editor Graham Summers, who lives outside of Washington, D.C., has just blown the lid off the shocking truth about the media's coronavirus story… When you see his research and discover what the liberal media has done to President Trump… I bet your blood is going to boil. Just be warned: The contents of this special presentation might disturb you. Because this could be the biggest American political scandal in the past 50 years. Click here to see the special presentation now. From a predictive standpoint, historically, most major crashes see stocks retrace 61.8% of their initial decline before rolling over and crashing again. So if stocks CANNOT break above the 61.8% retracement, they are doomed to crash to new lows. As such, the 61.8% retracement is "the line in the sand." During the Tech Crash, the Nasdaq retraced 61.8% of the initial decline during a major bounce. It then stopped on a dime and rolled over to crash to new lows. The same thing happened during the 2008 crash. It's now in the process of doing the same thing this month. Note that we are slightly above the 61.8% retracement today, but there are still two trading sessions left in the month. This is THE metric I'm watching right now. If stocks break through it and end the month above it, there's a good chance the lows are in and we're going to continue rallying. However, if stocks fail to break above this level and stay there by month's end… the odds greatly increase of another nasty down leg and possible new lows. Best Regards, Graham Summers Editor, Money & Crisis P.S. Recently, Donald Trump quietly signed a bill — H.R. 2881. It's a groundbreaking new law that could save the internet. It could also help make you exceedingly rich once America reopens for business... but not in the way that the title of this new law — the "Secure 5G and Beyond Act" — might lead you to believe. See, most investors are focused on the "5G" part. But it's the "beyond" that could help you make an absolute fortune… With an even better, bigger opportunity — as much as 3x bigger — that my colleague and America's #1 Futurist George Gilder is calling "15G." He plans to lift the veil on one of these new "15G" opportunities this Friday. If you want to be there for the big reveal, you'll need to get the details and be ready no later than midnight tomorrow. Click here now to learn more about this "15G" opportunity. Are Americans Saving Up to 95% on Thousands of Prescription Medications? This groundbreaking technology can help you save up to 95% on over 15,000 medications…   All by using the internet to cut out the expensive middlemen.   Learn how you could get huge discounts on your next prescription and more in the ULTIMATE RETIREMENT KIT.   Click here to learn how to claim yours today. To end your Money & Crisis e-mail subscription and associated external offers sent from Money & Crisis, click here to unsubscribe. 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