Tuesday, 5 September 2017
SPDR S&P Metals and Mining Sector Indicator: 5 September 2017, Tuesday, 10.10pm Singapore Time
SPDR S&P Metals and Mining Sector Indicator:
5 September 2017, Tuesday, 10.10pm Singapore Time
(Click on Chart above to Enlarge)
Attached above is the SPDR S&P Metals and Mining Sector Indicator with US shining light on these sectors. The green circled regions are my live forewarnings starting from January 2016 to turn to longs and buy big on commodities, banks and metals companies, forewarning that the green circled regions in green in early 2016 will make important bottoms back then (amidst the gloom and doom). The red line is the illustration of healthy consolidation and absorption volumes in the market. The yellow circled region is the backtest of the 50MA and 200MA as supports while the volumes get healthy. Metals and mining sectors will break up the highest high of the entire high of the SPDR S&P Metals and Mining sector index. This will give green light for worldwide metals, metals stocks and mining stocks to super rally.
Bullish on commodities, metals, commodity stocks, metal stocks, mining stocks.