Black line which held several times in the past is being tested. I expect to bounce back and forth between black line and MA21 for a while till we break it up.
If Black support line is broken, it will be free fall till 90$
Here we have Dow Jones Industrial Average Index compared to Kansas City Financial Stress Index.
What you may notice at the first look is a correlation of Stress Index and DJI bottoms (at least I noticed that way)
So here is my take on remarkable peaks (ignoring small ones because they have not indicated big changes) on Financial Stress Index:
1. Stress is caused...