The kiss of death

A lot of charts are showing this pattern right now, where prices have broken through a longstanding support line then rallied back to touch it. Often this marks the last time prices see those levels. Here is XME, a large diversified mining stock ETF:

Prophet.net

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s