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home / news releases / KL - On The Precipice Of Another Correction


KL - On The Precipice Of Another Correction

Source

The situation at the China consulate, continued surges in Coronavirus cases, unrest in the streets of America, an upcoming presidential election, and a slew of other detrimental and uncertain factors are making it increasingly difficult for the current stock market rally to continue.

In fact, we may be due for a correction right about now

S&P 500/SPX (SP500)

Source: StockCharts.com

A few elements that trouble me technically include: |

Something akin to a blowoff top on Thursday. A substantially lower RSI at the recent top than during the previous high.

Read more ...

Stock Information

Company Name: Kirkland Lake Gold Ltd.
Stock Symbol: KL
Market: NYSE
Website: klgold.com

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