S&P500 heading for correction, analyst says

The S&P500 may be in for a major correction, reports the Globe & Mail, based on analysis by Ron Meisels, president of Phases & Cycles Inc.

Read: Gold and silver take big hit

According to Meisels, “[e]nthusiasm 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,” the report says.

Read more here.

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