It’s been tough sledding for global investors over the past 5 weeks. After nearly 2 years of moving higher, stocks are getting a heavy dose of volatility.
But this makes sense when investors take a step back…
Looking across the globe, there are several stock market indexes testing important price resistance at the same time. And all of them coming at the upper end of their respective rising trend channels.
Tests of upper channel resistance have caused pullbacks and corrections in the past so it’s not unusual to see uncertainty and volatility here.
It’s an important juncture for investors, as bulls want to see stocks regain momentum and breakout above channel resistance while bears want to see selling accelerate.
See the global 9-pack below for a “macro” reference.
Global Stock Market Indexes – 9 Pack
Twitter:Â Â @KimbleCharting
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
