Rorschach Tests

The lithium ETF, LIT, below on the daily chart, is a pretty good example of the "pick your bias" nature of the stock market pretty much always, but especially at this moment in time. 

Bears will argue a non-confirmed double-top is afoot, while bulls will point to the strong trend over the last year as evidence per se of buyers firmly in control, with the potential of a cherry-on-top year-end rally. 

There are a few chemical plays intimately related to lithium which we track for Members, and those plays look almost identical to LIT here, as well. 

Headed into the Fed Minutes tomorrow and then the teeth of earnings season over the next month, lithium may be ripe to close out 2017 with a bang to the upside of its strong uptrend as it becomes more and more significant in modern technological innovation.