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?
