All technical traders, whether classically trained in Western technical analysis or Eastern technical analysis, look for specific patterns that can define pivot points or key reversals within a market.

U.S. citizens await the yearly presidential speech, the State of the Union, as U.S. equities, the U.S. dollar, and the precious metals are trading lower on the day.

Paul Volker once said that “trees don’t grow to the sky, they never have, and they never will.” He said this in reference to the dynamic U.S. equities markets which were ascending to new highs while he was chairman of the Federal Reserve.