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Stock Market Crash?

Blog/Dow Jones Posted May 17, 2017 by Martin Armstrong REGISTER FOR BLOG UPDATE ALERTS
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The correction has begun with the uneasiness of the two political scandals surrounding Trump
History
Russian meeting and now a Comey memo saying Trump asked him to kill the investigation into Flyn.
The rst is not really an issue legally, but the second could fuel the quest to impeach Trump which is International News
really led by McCain and Graham behind the curtain in league with Schumer. McCain is already calling
Market Talk
this a Watergate demonstrating he is out to get rid of Trump and protect the establishment.
Markets by Sector
The impeachment of Trump is being talked about behind the curtain as a positive move for then
Pence would take up the Presidency and then the tax reforms would become possible. That is an Plagues
interesting twist on things.
Products and Services

We are showing choppiness for three months and big volatility its in August. The likelihood of getting Q&A
any tax reform now before the August Congress holiday is fading very fast. This is taking the icing off
of the Trump rally. Forget the infrastructure expenditures for that is matching funds and states will Real Estate

just raise taxes for that one which is detrimental not bullish other than from the companies who will Uncategorized
overcharge government x stuff.
Upcoming Events
The Daily Bearish Reversals in the Cash S&P500 lie at 237900 and 234450. A Weekly closing below
World Events
233500 will tend to warn a serious correction becomes possible.

The fact that the Dow has been unable to make new highs and the Global Market Watched on the PROMOTIONS
monthly level labeled April when it closed for the month as IMPORTANT HIGH. Our Capital Flow
Models models are showing that there has been some European selling of equities, which is the PROMO
Now What for 2017
reason the Dow has not followed the S&P500 or the NASDAQ. There has been a ight to quality
moving into the US Treasuries, but also the hot money has been selling the dollar after the French
election. Here we still see a Weekly closing below 20000 will conrm a more serious correction. The
Daily number remains at 20204.

The NASDAQ shows a daily closing below 610750 will signal that a temporary correction is possible.A
Weekly closing below 580500 will conrm a serious correction is possible.

The Global Market Watch classied the April high in the Dow as a Possible Important High. That Socrates
PROMO
should not be ignored. If May closes lower than April at month-end on these three indexes, that will
conrm the correction. We do see the possibility for the correction to extend into 2018 from which a
slingshot to the upside remains probably.
PROMO
Models and
Categories: Dow Jones, NASDAQ, S&P 500 Methodologies

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