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Thursday, October 4, 2018

Inflection Point

As the US indices tested their all time highs recently, we are seeing signs that the US market could be due for a major correction soon. Here are 3 signs that the US market is at its inflection point.

1) The US Dollar Index is poised for a breakout from its resistance at 95.7, towards the previous high of 97.

2) US 10-year treasury yield is testing the upper trend line of the channel and could be on the verge of a break out.

3) The Semi-conductor Index is forming a double top, and could break down soon.

All posts and charts are for educational and illustration purposes only

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