mstable
Short

Freed from under the wedge?

AMEX:SOXS   DIREXION SHARES ETF TRUST
Could the tip of this descending wedge (the mirror of what is currently showing in the S&P with its rising wedge also about to terminate) be like a balloon that was being kept forced down underwater suddenly being set free with nothing above to keep it down until it hits the surface up above, wherever that may be?

Or will Trump or the Fed somehow pop that balloon?

Lets wait to see what starts to happen at the edge of the wedge ... something's gotta give one way or the other.

See this as a related idea:

Comment: PS - above was posted by The_Unwind on the S&P commentaries - I tried to make a link to it but it did not work. Read his good analysis.
Comment: Broken market, broken technical... but same outcome still on the cards!!!
Comment: Boy. That was one fucked up trade!!!!!!!!

Anyway, good time to try again!!!!!!!!!!!!

Comments

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