Uninspiring Three Line Break Charts

Loading...
Loading...

By Jeff Pierce

It's very plausible we continue to rise, but these are anything but bullish technical patterns. The Nasdaq is sporting a bearish megaphone pattern while the TSX has rallied right back into resistance. I've been spending the last week or so severely lightening up on my long positions because I felt the market was at risk for a pullback. Tomorrow should put that bias to the test.


 

Related Posts:

Distribution Behind The Scenes

Commodities Could Turn Lower

The New Leaders

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...