Here are some of the most noteworthy trendline developments across the markets for Wednesday, December 4, 2019.
UK’s $FTSE-100 Index Testing Post-2009 Up Trendline
British Pound ETF $FXB Testing Post-2014 Down Trendline
Value Line Geometric Composite $VALUG Testing Broken Post-2018 Down Trendline…Again
Biotech Index $BTK Testing Post-2018 Down Trendline
Industrial SPDR $XLI Testing Broken Post-2018 Down Trendline
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Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.