Heavy Metal

The SPDR S&P Metals and Mining ETF ​and its relationship to its Bollinger Bands. The long-term history of this instrument suggests a severe breakdown is on the way.

I’d like to point the metals & mining ETF XME and its relationship to its Bollinger Bands:

(Click on image to enlarge)

The long-term history of this instrument suggests a severe breakdown is on the way. I’ve jumped the gun on this one in recent days, but – – like Bullwinkle likes to say — – “this time for sure!”

(Click on image to enlarge)

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