The Trend Line To Watch To Know If A Stock Market Correction Starts

Markets have reversed off all-time highs on an intra-day basis. While they are only slightly lower on the chart, there is a potential topping tail forming on multiple major indexes and ETF's. The level institutions are paying close attention to is revealed in the chart below. If at 4PM ET, the $SPY closes below this line, it is likely markets will begin to see selling with the first target at $216.35.

Signup to Verified Investing and get access to 1000's of Pro Traders. Verified Investing verifies every trade they take and compile audited track records. In addition, Users who signup can click *Get Alert* and get the exact entry price, stop and target of the Pro Trader. The best thing? Users ONLY reward a Pro with a few Dollars if the trade information provided turns out to be profitable.