HYPERBITCOINIZATION US stocks teetering on the edge...
The comes from gold 2006 to 2008. Fit was really good until 20 June. Now stocks fallen below an important (dotted line) reducing the likelihood of immediate recovery. Failure to retake that level now increases the likelihood of a stock market crash in Q3 2018.
Here is the entire channel. If a breakout isn't forthcoming, a correction will be incoming that could easily lead to a complete stock collapse given the hype of the last few years, the margin debt and the possible Trade War (Donald long Bitcoin )
Check out the chart, you can see there is an unfilled gap at 99 %.
The second chart shows that Nasdaq has already broken out with S&P slightly above the average and Dow below it.