Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, December 26, 2017

USB Continues Yearlong Sideways Drift

USB had an amazing run the Fall of 2016 and maxed out its upper blue channel line.  Since then it has been drifting sideways across its blue channel.


click on channel to enlarge



Looking closely we can see that USB actually bounced from its lower blue line midyear but fell back then bounced again from the juncture of its lower blue line and its upper brown channel line giving the second bounce a little more punch but when it reached the lower line of its 2004 to 2007 black line channel it started to give it back again.  USB just can't seem to get out of its own way.


Trade well my friends

Alan




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