History Does Not Repeat Itself, But It Rhymes
Leading Diagonal at the beginning of 2016 and building the same pattern now just after a back-test of the 2011 trendline.
What happen IF we break the 200 dma now at 1270 ? Nah ! But still possible to do a pullback and move higher after …
1236 invalidation. Also GLD broke 120 today and is moving higher.
$1270 is an important hurdle we need to get over. Thanks for this.