CLICK ON CHART TO ENLARGE

The Dow is nearing a 70-year resistance line, at the top of a rising wedge and Fear levels are hitting lows not seen in the past few years.

In the past this combo has been a time to be cautious on the markets. Two-thirds of the time a rising wedge suggests lower prices are ahead. 

Fact or Myth…its time to respect risk due to this combo?

 

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past