Technically Speaking: Major Markets Are All Flashing Warning Signs

Is this market tired?

Even after the massive pullback from the all-time highs during the month of October, some are still very bullish. They believe there is still a lot of room to run.

This aligns with the Fed who is still considered to be hawkish in their outlook. The markets expect another rate hike in December, something some feel would not take place if the economy was falling off the tracks. The Fed is completely data driven so it is a sensible outlook.

The problem is the markets are flashing warning signs of a crash. It is important to note that markets and the economy are two different things. It is possible for the Fed's data to be positive but market to pull back.

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