I’m telling you all this for a reason.

I recently updated that same chart I showed my audience more than a decade ago and, once again, I see a potentially very nasty turn of events ahead.

The compression that was present back in 2007 has reared its ugly head again. Technically speaking, prices have fallen off since January and are now trading just above a critical line of “last resort,” which I’ve highlighted in yellow.

At the same time, emotions are running high, which confirms a change in sentiment I noted during an appearance on “Varney & Co.” this past Monday morning, where I made the same point in response to anchor Stuart Varney’s question about the possibility of a correction.

The next stop is 2,476.79 in May if the markets cannot hold at the lows set Feb. 9, 2018. Or, sooner.

From there, chances are good it’ll be another white-knuckle ride… a “Great Reckoning,” if you will.

The vast majority of folks don’t see this coming, and those few who do are not preparing properly… nor profitably.

If you’re like me, you’ve felt a sense of market turmoil ahead. This chart should be all the proof you need to take action. The last time it looked like this it was just months before the epic 2008 crash that pushed our financial system to the brink.

Ask yourself, right now, in light of what I’ve just laid out: Are you where you want to be financially?

If the answer is yes, that’s great.

If the answer is no, then you are NOT alone, and you need to click here.

So, Now What?

As always, a little perspective is in order.

Millions of investors fear information like that which I’ve just shared with you because they have no idea what to make of it nor how to handle the fact that what I’m telling you is just around the proverbial bend.

Thankfully, you’re not in that crowd.

As a member of the Total Wealth family, you’ve got a number of significant advantages – not the least of which is a very different perspective from traditional investors who risk having their 401(k)s turned into 201(k)s for the third time in less than 20 years.

 Related: Can a US-China Trade War Still Be Avoided?