goodguy

Lumber breaks monthly uptrend line: Bearish for stocks.

Short
goodguy Updated   
CME:LS1!   None
See my previous post (link below) for longer term chart. If lumber keeps falling it favors stocks will too.
Comment:
This is a monthly not weekly log chart
Comment:
Price dropped below trendline then came back up to trendiness. Dropped today. Will it hold?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.