Last week the S&P 500 broke below its bull market trendline.
This is definitely cause for concern. Since mid-May 2025, this trendline has served as critical support for stocks. So, the fact that the market actually broke this line (even temporarily) is a warning sign that things are deteriorating for this bull market.
Indeed, while the S&P 500 managed to eke out several new all-time highs in October, “under the hood” breadth has gone nowhere for over two months. This signals that this bull market is being driven by fewer and fewer companies.
Put simply, stocks are flashing multiple warning signs that the bull market is in serious danger.
In this context, the #1 question for investors is whether the bull market is about to end and it’s time to “sell the farm”… or if this is another opportunity to “buy the dip.”
To answer this, I rely on a proprietary indicator that has triggered before every major meltdown in the last 50 years. This signal caught the 1987 crash, the Tech Crash, the Great Financial Crisis and more.
We detail this trigger, how it works, and what it’s saying about the markets today in How to Predict a Crash.
Normally we’d sell this report for $499, but in light of its recent warning, we’re making 99 copies available to the investing public.
To pick up one of the last copies…
Graham Summers, MBA
Chief Market Strategist
Phoenix Capital Research