The S&P 500 has been winding up the last two months in anticipation of a larger breakout move. Well, the time has come. While a breakout in any direction could be huge, two major technical patterns indicate the breakout will be to the upside. Here’s why…
I wrote about a great PEMA sell signal in Barrick Gold Corp. ($ABX) on July 23, which worked out perfectly. This time, however, I head straight for the source, as Gold futures looks poised to head lower over the next three to four days.
The Dow Jones Industrial Average ($DJI) has been quite bullish after rallying nearly 1,000 points from the July 2 low. However, the index looks poised for another round of buying pressure – one that could lead to the next 350 point move!
Barrick Gold Corp. ($ABX) has traded sideways after topping out at major resistance at $47.25 in June. After a recent decline from resistance, $ABX could be ready for another decline – and I’ve got three reasons why!
The Dow Jones Industrial Average has experienced a wide range of price movement over the last two months of trading. However, the index now seems to be coiling up for a major breakout that could pave the way for a 1,000 point move. Here’s why..
