Mystery Chart – Buy, Sell, or Do Nothing? 11-9-16

By JC Parets

November 9, 2016

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

Filed Under:

Stocks,

ASC Chart of the Week,

Commodities

JC Parets

Founder, TrendLabs

JC Parets, who holds a Chartered Market Technician (CMT) designation, is the founder of All Star Charts and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for both professional and retail investors covering US and International stocks, interest rates, commodities, and forex markets.

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