Oil Says the S&P 500 is Heading to 2,050

The markets are beyond overbought and overstretched.

The S&P 500 has been trading within a 1% range for three weeks. This range finally broke out to move an incredible 0.22% higher.

Yes. 0.22%... less than half of one percentage point. This is what has got the bulls foaming at the mouth.

Meanwhile, Oil, which lead the rally from the February lows… has broken down completely.

Stocks are on borrowed time. The S&P 500 should retest 2,100 if not 2,050 in the near future.

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In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

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Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research