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One year ago the Power of the Pattern reflected that a very bearish pattern was forming in the CRB index, as it was forming a bearish rising wedge at its 61% Fib retracement level ( see post here)
What has happend in the past 52 weeks? The CRB index is 20% lower than a year ago and is down 9 of the last 10 weeks.
Now the CRB is testing a triple support line at (1) in this Commodity focused 4-pack.
Should support break in the CRB index, investors that didn’t lsiten to the message the CRB was sending a year ago, best listen this time around!