Articles By: Chris Kimble
Natural Gas created bullish wicks at rising channel support & key Fibonacci levels at (1) in the chart below, both were positive and bullish
Yes its been a rough time for metals the past couple of years, Gold -35%.
Since 1990 the red line has been resistance for the Nikkei Index.
Black Friday is a week from tomorrow and Christmas is just 34 days away.
Buyers jumped on board the Wilshire 5000 index once it broke resistance in the left chart
What they all have in common is that each are attempting to breakout of multi-year resistance patterns in the 6-pack below.
This morning hit the Dow reached 16,000 for the first time in history
The sharp rally in the S&P 500 this year has created very steep patterns in volatility ETF’s (XIV& VXX)
Did Ben come to the rescue and keep rates from breaking out?
Junk Bond ETF (JNK) hits its Fibonacci 61% retracement level again