Sven Henrich: Its Make Or Break Time For The Markets

It's make or break time in the markets cautions Sven Henrick, technical analyst and lead market strategist for Northman Trader.

His weekly flurry of trendline charts warn that the major indexes have been compressing in rising wedges that increasingly point to a binary outcome: either a massive new leg up that will result in the market making new all time highs, or a bad breakdown that could waterfall into a 2008-style correction.

One high-level chart he tracks closely indicates that if the S&P 500 does not soon rise above the blue trend line that began in 2009, a sharp roll-over is highly likely.

Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris' latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.