Category Archives: Morning News

This Pattern Has Marked The Last Three Highs On The Dow Chart – And It Is Forming Again

A particular bearish pattern has defined the last three highs on the Dow Jones Industrial average, and another may be forming again on the daily chart. The early October high was a turning point for the market. It ended the intermediate term uptrend off the July low, and has been followed by nearly two months… Read More »

Support Vacuum On The Crude Oil Chart – Prices Could Be Headed Much Lower

Here’s our analysis of the West Texas Intermediate Crude Oil Continuous Contract (WTIC) weekly chart. A large inverse head and shoulders base began forming in late 2015 and was completed in November 2016. The neckline was situated in the $51 area and that pattern resistance was broken at the end of 2016. The breakout failed… Read More »