Courtesy of Doug Short
It’s Friday, and Chris “Just the Facts” Kimble returns for a cameo Dragnet impersonation, this time with a look at lipstick clues for solving the mystery of the market.
Chris comments: The NYSE, by a fraction, has broken support dating back to the 2009 lows in the past week and now looks to be conducting a rather big test — an underside “kiss of resistance.”
Regardless of the asset class, when support is broken and then tested as resistance, this is a “kiss” of critical importance!
For the most up-to-date Kimble analysis, check out Chris’s blog: Kimble Charting Solutions.
