Dow In The Tightest Range Ever

By Chris Kimble of Kimble Charting Solutions

CEO of Kimble Charting Solutions • Aug 18, 2015 at 12:30 PM EDT

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After 157 trading days in 2015, the Dow has traded in a range of just 6.44%. This was derived using a closing basis for the high year-to-date close of 2.75% on May 19 and low close of -3.69% on January 30. The difference between the two comes out 6.44%. As you can see below, this is now the tightest range ever going clear back to 1900.

dowtightrangeaug18

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What does this mean? For starters, it sums up just how frustrating the year has been. Every time the bulls think they have the upper hand, we sell-off. The flip side is once the bears are ready to takeover, it means a bounce is coming. The bottom line is things are coiling and this could suggest a big move is coming, we just have to figure out which way that move will be.

What do you think took place after such a tight trading range?

We will release the results for the rest of the year for each of the top 20 tightest ranges to our Premium Members. This will paint a nice picture for how the rest of this year could play out. We will release the results of this quiz on Thursday. If you would like to know the results of the quiz before Thursday, send an email to [email protected] and we will forward the results to you ASAP.

If this type of research is something you would like to receive on a regular basis, we would be honored if you were a Premium Member

We shared with Sector/Commodity members over a year ago that the right shoulder of a huge topping pattern looked to be in play. If you would like to stay on top of this pattern and commodities, I would be honored to have you as a Sector/Commodity Sentiment Extremes Member. Sign up for Chris's Kimble Charting Solutions' email alerts--click here.

If you would like to stay abreast of our big picture read and short-term trading ideas on Silver, I would be honored if you were a Weekly Metals Member where I share Power of the Pattern ideas on Gold, Silver, Copper and the Miners on a weekly basis!

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