Many have noted the "breakout" of the triangle over the last several sessions. I have not been convinced it has any legs. We are also developing a nice ascending wedge. My guess is the ~40% of target we hit was all the triangle had, and the wedge will play out to the downside.
yeah, it was lousy rally from accumulation in the preceding half of the year. 2 markups, this is the 2nd one, we might only be missing buying climax.
This kind of choppy rally is also very characteristic of classical bear market. That together with extreme greed among retail investors, dwindling volume and volatility indicates further lows. Among other things. Vix has also been very low for weeks and when it goes up, one can imagine.
This kind of choppy rally is also very characteristic of classical bear market. That together with extreme greed among retail investors, dwindling volume and volatility indicates further lows. Among other things. Vix has also been very low for weeks and when it goes up, one can imagine.