This graph shows a six-year upward trend in the S&P 500 index, which started back in 2009. Technical analysis reveals the trend has now broken and a new downward trend has started.
Zero Hedge posted this graph on July 27 with the headline: The Most Important Market Trendline Since 2009 Was Just Broken.
This development is significant because it fulfills a prophecy given by Elvis Mbonye in January 2015. He saw the U.S. economy would “start a course of plunging” in June/July 2015. He said it would not correct itself in a short time, but would be the beginning of a downward plunge that would continue for years. I shared his prophetic word in my previous post, Elvis Mbonye: U.S. Economy Will Plunge in June/July 2015. So now we have evidence the U.S. economy has started a course of plunging.
Author: James Bailey
James Bailey is an author, business owner, husband and father of two children. His vision is to broadcast the good news of Jesus Christ through blog sites and other media outlets.
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