‘CRX Index’ Archive

Pattern suggests China falls 50% more and Commodities another 30%!

  CLICK ON CHART TO ENLARGE If you don’t like the idea that China could fall another 50% and Commodities could lose another 30% – “Don’t shoot the messenger….shoot the pattern and the traders around the world that have formed them!!!” The Shanghai Index and the CRB (Commodities Index) have both formed “Descending Triangle Patterns” [...]

Joe Friday-Commodities working on a breakout! What heads higher?

CLICK ON CHART TO ENLARGE Commodities haven’t been a good place to be the last couple of years, unless you were on the short side. At this time the CRB index is attempting to push above falling resistance that has been a challenge for this index for the past few years. Joe Friday shared a [...]

Growth indicators going down the drain?

CLICK ON CHART TO ENLARGE The above three assets are “very sensitive” when it comes to the growth/inflation story. Each of them have been making a series of lower highs since May of 2011!  Now they are breaking support lines of rising wedges and pennant patterns. CNBC wrote and article this week titled “Get ready [...]