Markets have had support at around 2,530 on the S&P 500 and 23,300 on the Dow. Those were the early 2018 low off the last market crash. And they’ve broken through those levels.

But they still have dropped to levels that definitively say the crash has started.

So, I’ve been tracking the Dow versus the 1929 crash (early months) and the Nasdaq versus the 2000 crash. And I’ve gotta tell ya, this turmoil still looks more like a correction than a crash.

I explain what I’m seeing in the charts, and what I’m watching for in today’s video. Watch it now.

Markets yesterday came very close to an important trend level on the S&P 500. But the fact that it didn’t break that long term trend line gives me pause.

Details here.

Harry
Follow me on Twitter @harrydentjr

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Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.