Watch Crude Oil, IYC, & GOLD. The Markets Entering New PhaseGold, Crude Oil, IYC are about to enter a new phase. Take a look at 2006~2014 as a perfect example of what's next. Got Gold?
This is going to be an epic run if you know what to expect.
IYC
Amazon's Periodic HabitsOn the log scale, there's a clear trend channel. However, the action that occurs within each quarter varies predictably-- after about 40 days into the quarter, any trend that has formed gets broken. Green vertical lines are a day after quarterly reports, white lines are when the trend for that period gets broken. Arrows are overall market events, which cause anomalies in the charting. My prediction at this point is that since we broke out of a longer pattern (light blue line), it will follow the angle of the trend channel until the next overarching trend emerges, as it did starting 9/4/15, where the longer pattern (red line) ended.
