If the end of last week didn’t get your attention, I don’t know what will.
This wasn’t just a bad couple of days — this was a major warning shot.
If you zoom out — way out — you’ll see what I’m talking about. Every major correction in history, from the Great Depression to the dot-com bust to the Great Financial Crisis, starts the same way.
First you lose key support. Then you lose confidence. Then you lose control.
The Early Stages of a Major Breakdown
Right now, it feels a lot like the early 2000s. People are still buying the dip like nothing’s wrong. But when you step back, you realize this could be the first phase of a 20-year bear market, a Greater Depression, as I’ve often discussed.
We haven’t even touched the monthly support yet. If history is any guide, a real breakdown would bleed out slowly — not in a week, not in a month, but over years.
Good years. Bad years. And a lot of sideways misery in between.
The big risk now is a slow-motion collapse. You won’t even notice it if you’re not looking at the bigger time frames. But if you are — you can already see the cracks forming.
Why You Need to Stay Defensive
If you think stocks like Nvidia (NVDA), Apple (AAPL) and Microsoft (MSFT) are going to save you, think again.
Big names led us higher, and they’re leading us lower now.
Sectors like Technology (XLK) and Communication Services (XLC) are already rolling over. And when the leaders fall, the whole market usually follows.
Could we bounce first? Sure. But Friday’s break of the Market Roadmap line makes it clear — the risk of a much deeper move is growing fast.
Bottom line — real bear markets don’t announce themselves with a bell. They just take out your supports one by one until there’s nothing left but downside.
Stay sharp. Stay patient. And most of all — stay cautious.
Jeffry Turnmire
Jeffry Turnmire Trading
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