Rectangle with what appears to be a head poking out in the middle.
Symmetrical triangle inside the Rectangle also called a horizontal trading range.
Both are neutral patterns until broken.
Targets up listed for the rectangle if price were to break resistance of the rectangle.
I did not list targets up for the triangle as it will have to break the rectangle resistance line to reach any targets with the resistance to break being 1913.35.
No recommendation.
Price is sitting on the support line. Spinning top at support.
Lots of choices in life. The right ones and all the others (o;
Symmetrical triangle inside the Rectangle also called a horizontal trading range.
Both are neutral patterns until broken.
Targets up listed for the rectangle if price were to break resistance of the rectangle.
I did not list targets up for the triangle as it will have to break the rectangle resistance line to reach any targets with the resistance to break being 1913.35.
No recommendation.
Price is sitting on the support line. Spinning top at support.
Lots of choices in life. The right ones and all the others (o;
Comment:
FRIDAY, DEC. 9
8:30 am Producer price index final demand Nov. 0.2% 0.2%
10 am UMich consumer sentiment index (early) Dec. 56.5 56.8
10 am UMich 5-year inflation expectations (early) Dec. -- 3.0%
10 am Wholesale inventories revision Oct. 0.8% 0.8%
12 noon Real household wealth (SAAR) Q3 -- -21.2%
12 noon Real domestic debt growth (SAAR) Q3 -- -0.6%
8:30 am Producer price index final demand Nov. 0.2% 0.2%
10 am UMich consumer sentiment index (early) Dec. 56.5 56.8
10 am UMich 5-year inflation expectations (early) Dec. -- 3.0%
10 am Wholesale inventories revision Oct. 0.8% 0.8%
12 noon Real household wealth (SAAR) Q3 -- -21.2%
12 noon Real domestic debt growth (SAAR) Q3 -- -0.6%
Spinning top/candle of indecision sitting on the support line of the triangle.