IS THIS THE MOST SIGNIFICANT BULLISH TELL OF ALL?
There are millions of ways to gain tells from the market. Some are more illusory than based on fact. Others are no better than a coin flip. And then there are those methods that simply have too dignified a standing to be overlooked under any circumstance.
One of the more dignified ways of reading the market from across the table is to look at important averages that the core averages (S&P 500 as an example) like to emulate. I mentioned the SOX a couple weeks back alerting the astute observer to the fact that the market needed more time to consolidate. A good tell.
I have another tell to present tonight. This is one I have mentioned countless times in my weekly chart review. This time, there seems to be more urgency involved than with the SOX. Meaning that this do nothing market that we have been napping over the past couple of weeks is close to snapping out of its funk.
By the end of next week the direction should be clear. I present to you the CRB:
click chart to enlarge
CRB
