Date: March 2014: long term lumbarsc.png
long term lumbarsc.png
I know many of you do not use indicators. But I find this one interesting. I have been following the action of lumbar and the SPX to look for a correlation. The last two times there was a bearish divergence with the SPX it appeared to be a harbinger of a decent correction of in the stock market. Lumbar has dropped significantly the last four days. I suspect when last major support is broken it will likely be a sign the winds have changed for the market too. Have a good week. T
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