Signs of a Secular Decline

Editor's Note: The following is a free edition of Jeff Cooper's Daily Market Report. For a two-week FREE trial of his daily commentary and nightly day and swing trading picks click here. Yesterday we showed the 3 drives to a high on the weekly S&P 500 (^GSPC) chart plotting March 2009 low to early April 2012 followed by a 4th swing to a test failure 180 degrees or 6 months later into the September and October double ‘square-outs’. The markets often play out in 3’s so I think there is a better-than-average likelihood that the rally up from 2009 was ...