nagihatoum

SPX break of another wedge

nagihatoum 업데이트됨   
TVC:SPX   S&P 500
Price action has been retesting previous wedge break for the last 2 weeks which is very impressive but a common pattern I have noticed in many assets lately. I think it a new bot algorithm that collects breakout short stops and distribute to exuberant longs.

Price action has formed a secondary rising wedge that broke down today on news of a higher bond yields. Coincidently dollar broke again from another descending wedge and is going up while gold is dropping .
코멘트:
target reached

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