Waiting for The Close

Something’s happened to the banks, XLF, KRE; both down hard.

Gold, GLD has launched parabolic, typical of blow-off moves.

Meanwhile bonds are higher (Ed Dowd told us to watch those), insurance companies hit and then, there’s Uber.

Uber, UBER, Daily

Uber at all-time highs for weeks before breaking down.

It’s now penetrated support.

There’s likely to be an attempt to ‘spring’ off that penetration (expected to fail).

If it’s going to happen, watch the close.

Stay Tuned

Charts by StockCharts

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