Two wedges have formed on the S&P 500
The bearish wedge already broke down, so it's completed but is shown since it was the scene of the crime
The bullish wedge is still intact, but has not confirmed a breakout yet
One of the more interesting bull-bear battles going on right now
Shorts at the bottom of the bullish wedge did get burned. If it was a bad decision then, seems like a better decision now... but why risk it in this very strange market, if the descending wedge somehow breaks upward
Good luck to bulls and bears; best to wait for a better sign
not financial advice
The bearish wedge already broke down, so it's completed but is shown since it was the scene of the crime
The bullish wedge is still intact, but has not confirmed a breakout yet
One of the more interesting bull-bear battles going on right now
Shorts at the bottom of the bullish wedge did get burned. If it was a bad decision then, seems like a better decision now... but why risk it in this very strange market, if the descending wedge somehow breaks upward
Good luck to bulls and bears; best to wait for a better sign
not financial advice
Comment:
straddle would have worked out very nicely
not financial advice