Baltic Dry Index
PRGN
BDI is facing resistance at both 50% retracement and neck line at around 3000. Watch closely to what BDI will do at that point, if it breaks above the resistance, then double dip recession won't be real and S&P 500 will not tank. If it breakdown by resistance, and resume falling, then prepare for S&P 500 crash.
No comments:
Post a Comment