From the desk of Tom Bruni
Many have fixated their attention on the “triangle pattern” that’s formed the NYSE Composite Index and other major US indices. This pattern is a visual representation of the indecision between buyers and sellers in the market, and its resolution typically leads to a significant move in the direction of its breakout. In times like this where the index itself has little directional conviction, a study of the components may offer some insight into which way the market resolves.
For access to JC’s technical analysis, you must be a premium member of All Star Charts. Please login below or start your risk-free 30 day trial today.Lost Password?