Here is the update of some of the long term charts I was presenting here in the last months.
After dozen or so of unsuccessful attempts to overcome the upper ML DJIA has moved decisively into the direction of the main ML. However it didn't reach it and is now hovering around the division line:
Copper shows no respect at all to its long term natural set moving through its lines back and forth:
Crude is still hovering around the ML of its long term Schiff set what in my opinion looks more and more like just a pause in its long term upward march:
10Y yield is again approaching the potential neckline of its long term inverse head and shoulder pattern. If the rise doesn't stop here we may see much higher rates pretty soon:
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmm, Sunday night and the futures are...drum roll...up. Now let's see if they can stay that way and make it 23 for 25.
JI
jimkane
Rep: 3,058
Posts: 33,089
ABCD at key line here. This is a super-important clue area. I don't see this moving down much here, as per 'context', but this area is worth watching closely, because if it does move down, it's a big clue.







