The Big Moves in Markets That May Get Bigger

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Aug. 30 (Bloomberg) -- On today's "Chart Attack," Aegis CIO Stanley Crouch and Bloomberg's Adam Johnson look at big moves in markets that are likely to get bigger. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Time for chart attack when we show you a couple of charts that will make you smarter.

Let's start with stocks.

If we step back and look at the longer cycle, we are looking at the s&p 500 right here.

If we go on trend line, we get an ascending upper trendline.

If we have a lower trendline on those bottoms, we have a descending lower trendline.

It's what's called a megaphone kind of pattern . in other words, it just keeps getting -- it goes lower at the low side and higher at the high side.

Exactly, there it is.

That's a great to pitch in.

What we see is the potential for a retracement all the way down at the bottom side.

This text has been automatically generated. It may not be 100% accurate.


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