Every now and then I throw out a mystery chart just to get us thinking. Not knowing what a chart represents helps eliminate biases or any ideas we may already have in our heads. Today we are looking at what I think is one of the more interesting developments in the market today.
I see a 15-month basing period, following by a breakout in September and now some real follow through. By my work I think the higher probability outcome here is that we get back to last year’s highs:
What do you think?
Click Here To See What This Chart Represents