Market Analysis for Trading on 12/5/2016

Mish Schneider | December 4, 2016

Tectonic Forces Create Shifts in the Market-scape 30 million years ago, many islands surrounded by channels were subterranean. Then, tectonic forces rotated those islands so they eventually uplifted from the sea. Above, we see a similar story. What existed underwater some 30 million years ago, Friday suddenly emerged as a potential island bottom (exhaustion gap) on the daily chart. For accuracy’s sake, a true island bottom happens at new all-time lows. Since the recent low

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