The chart if the day is the Bradley Siderograph via kirklindstrom.com and serves as an useful tool to detect trend changes in the market. It doesn't indicate market direction but can be used to identify key inflection points. It is better used in conjunction with other indicators than in isolation. The key dates for 2016 are shown below:
Billionaire Tanoto Deepens China Investments With $1.5 Billion New Fiber
Plant
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Indonesian billionaire Sukanto Tanoto's Royal Golden Eagle is doubling down
its investments in China with plans to build a $1.5 billion fiber
manufacturing...
12 minutes ago