"Credit Card Indicator" remains bullish…just above steep rising support!

July 23, 2014 1:14 PM

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"Credit Card Indicator" remains bullish…just above steep rising support!

Mastercard and Visa remain inside of 5-year rising channels. Since hitting the top of the channel the first of this year, both have under performed against the broad market.

These trends remain bullish at this time.

Could “Swipe Baby Swipe” turn into “Run Baby Run?” The Power of the Pattern suggests to keep a close eye on these steep rising support lines!

Kimble Charting Solutions 

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