Stock Market Breaks Long-Term Uptrend

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The US stock market, having risen relentlessly since the crash of 2008, has for the first time in seven years closed on a weekly basis below its major rising trend channel. The significance of such a technical breakdown cannot be understated: broken multi-year trends signify exactly that — change in a market direction. In this case, the transition we are witnessing is from a bull market to a topping pattern. After a topping pattern, bear markets follow.
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