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Major Goldman Sachs Indicator Is Flashing A Warning Sign

The markets aren’t going to crash immediately, but we do recommend paying close attention to your Wealthpeserver or International Wealth Preserver charts through the elections and into December.

The following chart was issued today by Goldman Sachs warning of an imminent stock crash.

Goldman Bear-Market Risk Indicator at Highest Since 1969: Chart 1

A Goldman Sachs Group Inc. indicator designed to provide a “reasonable signal for future bear-market risk” has risen to the highest in almost 50 years. The firm’s Bull/Bear Index, which is based on measures of equity valuation, growth momentum, unemployment, inflation, and the yield curve, is now at levels last seen in 1969. (bold added for emphasis)

S&P500 Bull & Bear Market Monthly Chart:

The monthly chart remains bullish even though the Goldman Sachs indicator is flashing red.

Goldman Bear-Market Risk Indicator at Highest Since 1969: Chart 3

S&P500 Weekly Chart:

The weekly chart continues to support a longer-term bull and remains well within the weekly trading channel with a longer term bullish bias.

Goldman Bear-Market Risk Indicator at Highest Since 1969: Chart 5

S&P500 Daily Chart

The daily chart also remains bullish as well in line with the weekly and monthly giving support to buying when prices close in on the bottom of the weekly trend chart.

Goldman Bear-Market Risk Indicator at Highest Since 1969: Chart 7

Summary

It appears that the main indexes remain bullish.  Although the Goldman Sachs indicator is flashing red does not mean we need to jump ship.

There are many factors at play right now, most importantly is the fact that capital flow from Europe, Australia, and South America continues to move toward the USA which keeps the main indexes bullish overall.

The monthly wealth preserver  (S&P500) closely and when the weekly charts turn south as they did in early 2018, we will send you a notification to keep you up to date.

Prosperously,

Goldman Bear-Market Risk Indicator at Highest Since 1969: Chart 9

Goldman Bear-Market Risk Indicator at Highest Since 1969: Chart