Similarities between Oct
2014 and now. Bollinger bands
, and RSI
all look similar to before that dip. The anticipation of raising rates with the yellen hawkish comments, most hawkish ever, will be enough to swoon this down to neckline, then either they raise and it isn't so bad, or they don't raise and kick tat can again, with the pressure of the santa clause rally maybe coming a bit late and furious this year. Warm, wet US winter could dampen jacket sales ( XLY
). Lots here, all in one chart, but had to include a little possible elliott wave
action also (orange).