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Gregory Mannarino, who is a trader and has a knack for accurately analyzing market data is warning of a Third Death Cross" That Will "Change The Landscape Of The Entire World"
Gregory warns, Two critical events have already occurred, and a third appears to be just weeks away.
Take notice to the first white circle 1. This technical event occurred when the yellow 50 day moving average crossed the blue 100 day moving average. Several days after this event occurred, downward pressure on the market intensified. Now take notice to the second white circle
2. In this technical event the yellow 50 day moving average crossed the red 200 day moving average, and just a few days later stocks plunged.
Now look at circle 3. The yellow 50 day moving average appears to be closing in on the purple 300 day moving average.
It is my contention that when this event occurs, and it appears to be just weeks away, a MAJOR stock market event will occur. We can expect a massive loss in the value of stocks, one which has the potential to be the financial event of our lifetime.
**Unless something intervenes, perhaps another technical occurrence which prevents this 3rd technical event from happening, we may be just weeks away from financial Armageddon.
We are entering the Financial Perfect Storm. Don't believe the hype that Markets have corrected themselves. We are for one hell of a ride real soon in September. You better buckle up!
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