Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

---

Since the Financial Crisis, the correlation between Crude Oil and the S&P 500 index has been pretty high.

A breakdown from a bearish rising wedge has taken place in Crude Oil the past few days and has created a series of lower highs since May of 2011.

With correlations very high, are lower Crude prices suggesting lower 500 index prices? Stay tuned!

 

 

 

(c) Kimble Charting Solutions
blog.kimblechartingsolutions.com