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 a similar pattern in a pair of assets not normally thought of in the same context.
Chris comments: The Shanghai Index and homebuilders both have broken out of multi-year flag/pennant patterns — to the downside — at the same time.
Not good price action from these two leading indicators!
For the most up-to-date Kimble analysis, check out Chris’s blog: Kimble Charting Solutions.
