Price Action: Markets have consolidated for a month into a triangle after a long sustained rally. Expect continuation higher after what should be seen as a healthy market consolidation. Inflation fears drove the initial sell-off which was anything but healthy, but markets recovered and sank again on fear of tariffs and trade wars, lastly boosted by North Korea news this morning. Try to not get whipsawed by the news, focus on the price action which is showing us the markets have consolidated after a long sustained rally, expect it to continue higher after a breakout of the triangle formation.
Trade active:
Edging closer to the apex of this triangle. Overall conditions point to a bullish breakout higher, but elevated volatility and overall choppiness of markets will likely continue.