Economic indicators testing critical levels!

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by Kimble Charting

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The above 2-pack looks at a couple of very important sectors of our economy, Home Builders and U.S. Concrete.

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Both have been hit very hard this year, declining large percentages. Both have been much weaker than the broad markets.

The declines this year have both testing 7-year rising channels at each (1).

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If both break support at each (1), possible they would be suggesting the economy will be soft going forward.

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