Global Topping Patterns Could Be In Play

This 4-pack reflects that each of these indices remains in uptrends and each is at the top of multi-year rising channels.

(Click on image to enlarge)

This 4-pack reflects that each of these indices remains in uptrends and each is at the top of multi-year rising channels. Softness over the past 90-days has not changed the long-term trends.

It also reflects that each could be creating some form of a topping pattern, just under the top of each channel at each (1).

Bottom line- Each is at a price point where bulls Do Not want to see selling start at each (1). 

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