A PRICE MIRROR IN THE RUSSELL THAT IS POINTING TO A POWERFUL MOVE UP IN JULY

Jun 24, 2012 | Charts

There is a tendency for generational trajectory points to cause “price mirrors” to appear when price meets the trajectory point over different time periods. The following chart of the Russell 2000 is an example of a price mirror taking place, comparing Q4 2011 and the current market:

click chart to enlarge

RUSSELL 2000

Archives

Related Posts

The Most Important Chart As We Enter A New Week

Just released the 488th Edition of Turning Points. A 17 page note with a primary focus on crypto as this constitutes...

Something Happened On The Road To Valhalla

Perhaps it is of little coincidence that the MOVE Index, a measure of bond market volatility, has decided to select...

Onto Q2…With A Caveat

As we close out a stellar Q1 at Zenolytics, I want to highlight one element of trading during this quarter that...