Stock Market Melt-Down?, page-8

Listening to the talking heads on tv trying to come up with a reason for the renewed selloff in stocks is amusing. Some are saying its the rising bond and interest rates, some say its due to the trade war and other say its geo-political issues etc... But they've been going on for months, including a steadily rising stock market which recently hit new all-time highs in the US.

Forget the rhetoric and rationalizations by pundits, extreme sentiment readings and market complacency, coupled with other key TA indicators, were forewarning of a looming selloff and potential bear market trend change in stocks prior to the market top. 

Either next week will bring a bounce to relieve short-term oversold conditions or a steep decline required to reach a near-term market capitulation. Beyond that will await confirmation if the underlying trend in stocks has indeed changed.