Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Sunday, December 31, 2017

UPS Is A Mixed Read Here

The past few months UPS has been lingering in the upper part of its blue channel seemingly waiting for the journey back down to the lower line of the blue channel.



click on image to enlarge




Last month, however, UPS had a huge spike up from the lower red channel line but immediately gave a great deal of it back whipsaw fashion.  It is currently trying to consolidate on top of the upper line of the brown channel but still not giving a read on what comes next.


Trade well my friends

Alan




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