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The 4-pack above reflects that key commodity/global growth index’s peaked over a year ago and continue to make a series of lower highs.

2 month rallies have taken place off of the June lows, bringing each of these up to either key Fibonacci resistance levels or up to falling resistance lines at the top of bearish rising wedges.

These leading indicators may have put in, counter trend rally peaks!   

 

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past