Skip to main content

The Globe and Mail

A meaningful market correction is coming, charts suggest

Warning signs of a correction are emerging on the charts for the S&P 500, the benchmark U.S. stock index, technical analyst Ron Meisels warns in a new report.

"Enthusiasm for this vibrant but aging bull market must be tempered by the technical indicators that suggest that the markets are weakening and are preparing for either a pause or a correction," said Mr. Meisels, the president of Phases & Cycles Inc. and considered as one of Canada's top technical analysts.

He believes the reward-to-risk ratio for investors has declined in recent days as the S&P 500 climbed to record highs. He also cautions that stocks that are well above their 200-day moving averages are particularly vulnerable to a sell-off.

Story continues below advertisement

You can read more on his views by clicking on the full report to the left. (You can also click here).

Report an error Licensing Options

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨