While it seems easy to find articles suggesting that the “Sky Is Falling” or a recession is right around the corner, some assets are reflecting positive patterns and breakouts.
The Banking sector often sends a very important message to the broad market. Banks are at a price point where they could send a very important message to the overall market. see charts below
Since the highs in 2011, Gold, Silver and the miners have struggled to break above falling resistance. Each is now testing a very important falling resistance level at the same time.
Stocks, Yields and Crude Oil have experienced a high degree of correlation since the October highs and each looks to be experiencing a key price test at the same time!