In the post directly below this one, the “Power of the Pattern” was suggesting the U.S. Dollar could be about to rally off of support and to the upside of a bullish falling wedge. (see post) Currencies can be a great leading indicator, as well as Copper and High Yield mutual funds.
Leading indicators slipping below key support? Check out below….
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In the post “Is 1987 impacting todays prices” (see post here) numerous long-term resistance lines came into play of late. With resistance dating back to 2000 and 1987 at hand, seeing these leading indicators slipping below support brings in a new level of respect for risk and increases the odds that harvesting/protecting capital was a good idea a couple of weeks ago!!!