Courtesy of Chris Kimble.
The 4-pack below looks at the S&P 500, Russell, Transports and the Bank Index
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The trend on each of these is up. Each is testing breakout levels at (1).
The risk on trade in stocks would love to see each of these “TAKE OUT” these overhead channels at (1)!!!
With numerous sentiment indicators hitting levels not seen in years, breaking out/taking out at (1), would attract buyers. What takes place at (1), should set the tone for the first part of 2017.
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