IBB
338.12
+1.28
+0.38%
 
AAPL
160.47
+0.59
+0.37%
 
TVIX
8.86
+0.03
+0.34%
 
XIV
109.53
-0.15
-0.14%
 
TNA
65.66
-0.59
-0.89%
 
TZA
13.47
+0.12
+0.90%
 
UVXY
16.22
+0.08
+0.50%
 
NASDAQ
6623.657
-0.348
-0.0052%
 
S&P500
2559.36
+1.72
+0.07%
 
NYSE
12349.97
-9.55
-0.08%
 
IBB
338.12
+1.28
+0.38%
 
AAPL
160.47
+0.59
+0.37%
 
TVIX
8.86
+0.03
+0.34%
 
XIV
109.53
-0.15
-0.14%
 
TNA
65.66
-0.59
-0.89%
 
TZA
13.47
+0.12
+0.90%
 
UVXY
16.22
+0.08
+0.50%
 
NASDAQ
6623.657
-0.348
-0.0052%
 
S&P500
2559.36
+1.72
+0.07%
 
NYSE
12349.97
-9.55
-0.08%
 

The Rise and Fall of Iron Ore

Iron Ore Futures on a daily timeframe via NYMEX have entered into a bear cycle crashing -23% from March 2017

2017-04-18_09-10-26

Iron Ore Futures on a weekly timeframe via NYMEX have another -500bps to fall until major .5-fib support at 64.37 level

2017-04-18_09-13-08

Here is a magnified view

2017-04-18_09-14-28

Iron Ore verse the SPX500. It’s one hell of a negative divergence.

2017-04-18_09-15-53