Home > charting trendlines, Financial Ponzi, investing, technical analysis > Morgan Stanley Consumer Index near resistance?

Morgan Stanley Consumer Index near resistance?

The Morgan Stanley Consumer Index appears to be hitting resistance in what looks like a multi-year rising wedge pattern.  The American consumer has continued to find money to spend, and found ways to continue spending despite ever-worsening economic conditions for the majority of the Americans.  Is the American consumer close to finally tapping out?

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